Podcast appearances and mentions of warren buffets

Kiera is joined by Alexis Gallati, founder and lead tax strategist at Cerebral Tax Advisors, to talk about tax strategy not just for 2025 success, but 2026 and beyond. They discuss asking your CPA the right questions, shifting income from your higher tax bracket down, the Augusta rule, and a ton more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: The Dental A Team (00:00) Hello, Dental A Team listeners. This is Kiera and today I am super jazzed. I have an incredible guest joining us on the podcast today ⁓ to talk about last minute tax strategies before April 15th. Like why not? I mean, hey, maybe you were like, you're not the early bird. You were like, shoot, I forgot. Like what things can I do? And so I'm super excited. Alexis Gallati, she reached out to us. ⁓ She is founder and lead tax strategist at Cerebral Tax Advisors.   Ansari Real Wealth Academy. And I was so excited about this topic because I know you guys know I love to geek out about this and I have it on my vision board of tax expert ahead. Like I hate taxes. I love taxes. I believe that taxes are such a beautiful way for us to pay to be in this incredible country. But you better believe I don't want to pay a penny more than I need to. So really figuring that out just a little bit about her is she is got a dual master's degree in business administration and taxation, which is super rad because   Let's be real, she gets the business side of it. She gets the taxation and we were chatting before and she was like, what people make like their top line revenue versus their take home pay are two different things. And I was like, amen sister, preach on. She's enrolled agent, NTPI fellow and certified tax strategist. She also is the author of advanced tax planning for medical professionals. She specializes in high level strategic tax planning and multi-state tax preparation for healthcare professionals and business owners. She's raised in a family of physicians and married to one.   She empathizes with the financial challenges medical professionals face. This personal connection inspired her to create accessible, unbiased tax solutions tailored to their busy lives. Driven by passion and guided by cerebral thinking, Alexis forms Cerebral to help professionals keep more of their hard earned money. Amen sister. That's what we want. That's why you're here. Their approach breaks the mold of traditional financial advice, offering a unique perspective for medical professionals and business owners. So while yes, she's not 1000 % dental guys were in the healthcare world and she's so brilliant. So Alexis, welcome to the show today. How are you?   Alexis Gallati (01:54) Thank you so much for having me. I'm doing very well. Hope you had a wonderful holiday season.   The Dental A Team (01:58) Yes, likewise. And I was so excited when I heard that you would be a guest on our podcast. I geek out about this, Alexis, I know it's like our first day meeting, but ⁓ I just think the world of tax is such the game of monopoly. And I'm like, if you would have just told me that rule, I could have played and won the game better. But I feel like it's always as ever changing, ever evolving. And I know there were some big things that happened in 2025 that are impacting like our our taxes. And so, yeah, definitely a timely and   exciting podcast to throw out there. So Alexis, I know I gave you a very welcomed ⁓ bio and intro, but yeah, tell us a little bit about who is Alexis. You're married to a physician. You're in this world of tag. How does one become obsessive about CPA? I'm truly just curious. How do you like, how does this happen? How did you become this?   Alexis Gallati (02:49) Yeah, so I love law and I love money. And so when I was in undergrad, I took a tax and accounting class and loved more the tax side than the accounting side, I do admit. And so after meeting my husband in college and us starting to go through that full medical journey, was about a year and a half out from him.   The Dental A Team (02:54) you   Alexis Gallati (03:18) from him finishing his residency. And I really saw the writing on the wall. Even at that time, with him being in residency, about four months of his salary was going towards taxes. And I was like, that's not right. That's not right. With   The Dental A Team (03:36) No.   Alexis Gallati (03:38) hard he works and how hard   medical community works in general. ⁓ my gosh, that's not right. So that's when I really dedicated myself to   finding out, why do the Warren Buffets and the Bill Gates of the world have this really low to sometimes non-existent tax bracket? And I really dove into that tax planning. ⁓ And so, you know, what's very unique about, ⁓ you know, the way that I work and my business is that my husband and I are in the same exact position as majority of our clients. And so, yes, I'm looking for   strategies for my clients, but I'm also looking for those strategies for myself.   The Dental A Team (04:19) You're like, hey,   it's me. I'm going to help myself out. I'm very motivated to do this.   Alexis Gallati (04:25) Very motivated. And I love it. I love it. It's like you said, it's ⁓ Congress keeps us on our toes, changing the laws consistently year after year. ⁓ it's like a puzzle. Like, hey, how can I just keep more of what I'm earning?   The Dental A Team (04:43) Yeah, and I, this is what I get obsessed about. what I learned, gosh, it's like, I was so naive when I started the company. was like, marketing is marketing. I just need to hire a marketer they can do everything. And then I was like, oh, there's a content marketer. There's a copywriter marketer. There's a strategist. There's a growth marketer. There's like an AEO marketer now. There's an SEO. Like you guys, this thing is like a web. They're a content marketer. And then I started realizing it's similar to CPAs and financial planners that like,   I thought you hire a CPA, Alexis. Like I'm so naive to business. I'm shocked that I've made it this far. Like truly I'm proud of like the journey we've been on, but like not all CPAs are created equal. And then I realized like CPAs play by different rules. Like it's the same rule, but there's shades of gray. They're how comfortable are you with this and how uncomfortable are you with it? Like there's one CPA that told me like, here, you can totally go skiing in Tahoe. Just like put your logo on your skis and you can totally ride it off and like put your logo on your boat and you can ride it off.   And then there's like the Alexis of the world was like, oh, hard pass. No, you're going to like totally get flagged. But I'm like, what rule is right? And so I realized that there are, like you said, tax strategy and for higher wealth earners. I do believe that there's a game, like you said, how did the Warren Buffett's, how did the Bill Gates, like they're not paying this. And then you get into the real estate game and you get into all these other things. You're like, how can we do this? And so Alexis, I'm just jazz. This is me being nerdy. And I'm going to ask you a bajillion questions and I can't wait.   to learn. So let's kind of talk about most of your clients, what's the size of take home net pay that they do. So that way we know like what brackets were in. So that way right clients come to you. I also learned not all financial advisors take all people. I was like, I make 30 grand. They're like, great. So we're going to help you out just a little bit. And then like, when you get to this level, we'll chat with you. ⁓ tell us kind of that. And then let's dig into how do we keep more money, Alexis, legally.   Alexis Gallati (06:10) I love it.   The Dental A Team (06:39) I'm here for legal advice. I'm willing to go gray, but not go to jail. So that's my line. So as long as we're on the same page, I think we are, I'm here for it.   Alexis Gallati (06:40) Yes.   Definitely, yeah. I am more than happy to play in the gray areas. We just have to feel comfortable defending it in an audit. And so that's our line in the sand. ⁓ But yeah.   The Dental A Team (06:55) Mm-hmm.   She's like, this is why I went to law guys. This is why I like the law side and the CPA.   I like it. I like your style. It's so unique and I just am excited. So, okay, I'm ready.   Alexis Gallati (07:07) Yeah.   Yeah. at Cerebral, we work with those that earn at minimum $400,000 per year in taxable income. So we have lots of businesses, which by the way, 99.9 % of our clients are medical professionals. I think we have like maybe two clients that have zero ties to the medical industry. And so the practices we work with, you know,   generally range from anywhere from maybe about $700,000 in gross revenue all the way up to eight figures. So we tend to not work with those that are larger practices, that usually over 50 employees. And that's just because once you get above 50 employees, yeah, it changes quite a bit. So we're definitely in there with those smaller to medium sized practices.   The Dental A Team (07:56) Tax co-changes. Yep.   Amazing. No, that's super helpful. And I know we were talking before, like the average of your clients, about 700,000 like net pay is typical where you guys are at. You have some that are higher, but that minimum of 400,000, which is great because I do think that there are thresholds. ⁓ And I did learn through going through business that who Kiera needed as a tax support and advisor when I was in that 30,000 range compare and as a business owner, I thought it was so funny.   Gosh, taxes, like they hurt so bad sometimes. Like, whoa, easy come, easy go. Like I've never, I've always been a W-2. So that was such a fascinating world for me. But yeah, let's dig into some of the things you've seen for the medical world. Cause I know I have friends that were physicians and they're really big on real estate. And like I took the real estate Kool-Aid and I'm just like, is this really real? There's gotta be easier ways than doing this. And so I'm just jazzed to kind of go through what are some of the things we can do now before April 15th.   What are things that we can do even past April 15th to set us up for great success for 2026? So Alexis, this is your show. I'm just excited, kind of riffed us through it. Of course, I'm gonna geek out and ask probably about way more questions than you care to even be asked, but I'm really excited to learn more today.   Alexis Gallati (09:20) Yeah, great. Well, yeah, I hate to be a little bit of a Debbie Downer in the beginning and that when your past December 31st, ⁓ the number of tax strategies that are available to you are before you actually go to file your tax return are limited. It's just the nature of the code.   The Dental A Team (09:37) I agree. was super, when you were   like, what are the tech? I was like, I want to know because most of the times like when the clock strikes midnight on December 31st, it's like game over and we start again. But yes, which is why I want to know what are like the small ones, but then also Alexis like, let's set our listeners up for like, what things can they do this year to be better prepared for it in conjunction? So yes, before April 15th, but selfishly I want to know what else can I do this year that maybe I haven't thought of.   Alexis Gallati (09:52) Yeah.   you   The Dental A Team (10:06) because the clock hasn't struck midnight in 2026. So like we've got time. So yeah, for 2025 filing, but also for 2026 as well.   Alexis Gallati (10:09) Yeah.   Yeah, so let's talk about 2025 filing first. Especially if you're a business owner, there are actually a number of things that you could still put together for yourself that can impact your 2025 financials. ⁓ So even basic things like if you haven't been taking advantage of your home office deduction or ⁓ vehicle expenses ⁓ and unreimbursed business expenses. So those are expenses that you paid   personally, but our business expenses. So all of those items, you can still go and report on your 2025 return. So if you haven't taken the time to sit down and say, how much should I pay in my home utilities or insurance, repairs, et cetera, and take the percentage. So let's say your home office is 7%.   of your total square footage of your home. Well, then you can write off 7 % of your home expenses on your taxes. the treatment's a little bit different depending upon if you're a sole proprietorship or an S corporation. But in general, you still have that time to take advantage of that. And a lot of you might be like, oh, Alexis, it's such a little amount. I don't even know if it's worth it. Believe me.   All these little things can really add up together. And easily, I usually see between $10,000 to $20,000 of really ⁓ easy to grab savings for yourself if you just take even a few hours to gather all the information. ⁓ And you can even use ⁓ personal financial apps like Monarch Money or You Need a Budget, things like that to help.   organize that information for you throughout the year so it's a little more automated.   The Dental A Team (12:10) Yeah, that's amazing. I do love the YNAB. You're throwing me back to like pharmacy school days of you need a budget. I was like, oh my gosh, got to answer this every time. They have updated so much, but I love that you said like 10 to 20 grand, I think is worthwhile, but more than it being pennies or dollars, I think it's the discipline of having it prepared for next year too. So that way we don't, I think it's like, well, it might not be enough this year, but I'm like, you take that this year and we compound over the next year and the next year and the next year. I think these little things to me at least,   Alexis Gallati (12:15) Ha ha ha.   The Dental A Team (12:41) Like I said, it's their game of monopoly. And I'm like, okay, maybe I didn't get it that time, but I'm going to take that rule and I'm going to apply it this year and the next year and the next year. So I'm even taking notes over here, guys. So Alexis, if you see me, I'm writing it like, okay, I'm going to check in on that, check in on that. So make sure, make sure that they're being taken into consideration because I don't prep my own taxes. I don't even know half the stuff. Like they just tell me. So I also think being a good steward as well and always double checking your CPA to make sure like, are we maximizing every deduction we can?   Alexis Gallati (12:53) Good, I like it.   Of course.   Yeah. And being proactive is like you said, the number one thing because the IRS can deny deduction if you don't have that itemized receipt or you don't have the proper documentation. And 99 % of any fight with the IRS is that documentation. And I did a three year fellowship in IRS representation. So I'm obviously very focused on that tax savings, but also very focused on making sure   that everything's set up properly. So if the IRS were to challenge it or even the state, you're in good hands. then that way, you can just give them the stuff and say, go away.   The Dental A Team (13:51) Exactly. And I heard somebody once tell me, they're like, Kiera, it's not a matter of if I'll be audited, it's when. Like every business will most likely be audited at some point. I hope and pray like we're not. I think about that a lot of like cross my T's, dot my I's, make sure that I'm constantly trying to be compliant with things. But your wealth of knowledge on that Alexis of what things and how to become, I mean, shoot three years of IRS. Girl, you got my vote. That's impressive. And like love the love the authority piece that you're bringing to our podcast today.   Alexis Gallati (14:20) Thank you. Thank you. So some other things that you're able to do before you file that tax return, and this is a big one, is retirement. So you actually have until the filing of a tax return, and that includes extensions. So for example, if you're an S corporation or a partnership, have the original due date, which is March 15th, or the extended due date, which is September 15th, to go and   open and fund that retirement plan. So if you have employees, it can get obviously a little bit more complicated, but you still are able to do it and ⁓ do that employer contribution. And that's obviously really one of the lower hanging fruits when it comes to not only tax savings, but also wealth generation.   The Dental A Team (15:12) Yeah, no, I love that. That's a great idea. And I think a lot of people miss that. And again, CPAs, tax strategists, wealth advisors, they're all playing in their own lanes, but how can we make sure all of them are maximizing together? Because you as a human are trying to build that wealth. So I love that.   Alexis Gallati (15:30) Yeah. And don't forget as well, you know, kind of in the same vein as retirement is that health savings account. So if you had a high deductible plan throughout the year, but maybe your employer didn't actually provide a ⁓ health savings account, like so if you're a W-2, for example, or even if you're self-employed, you can still go open up your   own Health Savings account through, I think Fidelity has some, ⁓ Optum Bank, HSA Bank. So there's a whole bunch of different providers out there. can just Google and find the provider that works best for you.   The Dental A Team (16:07) Interesting. And I know like I just wrote that down because a lot of dentists don't have HSA. Like we are the providers for it. But hearing that that might even be a resource to attract people into your business if you were able to like, don't necessarily provide it, but these are some companies that we could help our employees get if they wanted to have an HSA because I know that that's something that my husband works at a hospital. So there's an HSA there, but as sole proprietors and S-Corps, a lot of times they aren't provided. That's actually really like, I think just a great tool and resource to   possibly provide to our employees, depending upon what it looks like for your business.   Alexis Gallati (16:40) Yeah, definitely. And then one other thing that you ⁓ may be able to do, depending upon your state, ⁓ to help with state taxes, is go and contribute to a 529 plan, which is for education for yourself or other dependent. And some states like Georgia, Indiana, Michigan, South Carolina, there's a number of them. They allow you to make that contribution all the way up to the   filing of the tax return.   The Dental A Team (17:13) Interesting. I did not know that I wrote that down. That's fascinating. I love this. This is like so fun. Keep going.   Alexis Gallati (17:20) Yeah. Yeah. So that, you know, is, a good, especially for, you know, higher earners. ⁓ that's kind of a good summary of what you can be doing before this, ⁓ April 15th or even the extended due date as well. ⁓ but when you start looking into 2026, who, that book, that book opens up, there is.   The Dental A Team (17:39) It does, right? It's like the   monopoly Bible. Like it's so big. Like how do I play the game of taxes? So I truly, and I think like for all the listeners, like the home office, the HSA, ⁓ retirement, the 529 plan, like there's still time. So go look at those things. And even if you can't contribute or do those things now, having that set up for next year, like, Alexis, truly, I'm like, I'm getting the popcorn. I'm getting my notepad. Like,   I am so excited because half these things I haven't heard of. And so it's very fun to just hear different perspectives. And I do love that you've got a legal background too. I love that you're in IRS. I love that you're in medicine and healthcare and like for your own personal savings too. It's like you're the Nancy Drew of like, how can I do the most amount through all of this? It's a very fascinating perspective you bring today.   Alexis Gallati (18:27) thank you. I appreciate that. yeah, when obviously when you are a W-2 employee still that your options are not as open for those that have a business. But ⁓ besides obviously retirement HSA that you can do all year, one thing that a lot of W-2 employees forget is to actually check with your employer to see what their reimbursement policy looks like.   The Dental A Team (18:29) course.   Alexis Gallati (18:55) because if you're maybe in a private practice with a large group, and I mean, these could even be groups that have sometimes hundreds of physicians in it, or even if it's just a hospital system, they'll have actually pretty generous reimbursement policies for things like your CME, your new loops, or going and   doing your mileage in between different hospitals or clinics, things like that. So making sure that you are keeping track of those things. Obviously, if you're a business owner, you definitely want to keep track of those. But some of my favorite for those that own their own practices, my absolute favorite is hiring your kids.   The Dental A Team (19:36) Of course, yeah.   Alexis Gallati (19:48) It seems so basic, but believe me, there are definitely steps in place that have to be done in order to make sure they ⁓ qualify. for me, the ⁓ court tested age is seven. So I usually don't recommend my clients going and hiring their kids until they're at least that age. You can do it younger, but the old my kids are models strategy is kind of ⁓ antiquated now just because ⁓   everybody has these great cameras now on their phones. And so it's kind of devalued, being a model ⁓ for those that aren't professionals basically. ⁓ But that's a really great way to shift income from your higher tax bracket down to their non-existent tax bracket.   The Dental A Team (20:21) Totally.   Right?   Alexis Gallati (20:40) and you can then put that money into a Roth IRA for them. And if you do that, let's say over like a 10 year period in 2026, that amount is 7,500 is the max you can put in. They're easily, by the time they're age 65, gonna have at least 2 million plus dollars in savings. So it's a really great way to create a legacy for your kids and give them a little headstart.   The Dental A Team (20:48) Mm-hmm.   Yeah, that's amazing. And I think so many people are like, I don't know how to help my kids with college or different things like that. And it's like, these are great ways to prepare them for the future for when they retire for things like that. I mean, how awesome I know a couple of ⁓ doctors because   The bulk of our audience, Alexis, are not W-2 earners. They are self-employed, like dental practice owners. ⁓ But I know that there were several that didn't tell their kids that they had done this for them. And then the surprise when they graduated college of, we've been putting this into place for you. I mean, shoot, that money's going to go to the government or to your kids. Why not invest in your children? You're going to pay that money regardless. So ⁓ definitely think that that's such a brilliant idea. And I've heard people, they're like,   their real job, like they have to have a real job. They're like a paper shredder. Like they like literally shred the paper or they open the mail or they like pick out the cards or they pick out the toys for the prize boxes, like actual legit jobs that they employ them for. But I think what an amazing gift and legacy to give your kids as well.   Alexis Gallati (21:51) they   Yeah, exactly. All four of my children are, obviously cerebral isn't a dental practice, but they're hired through cerebral. So that way they are earning enough to put that money into their Roth IRA. ⁓ And a lot of ⁓ my clients are like, man, I don't know what my kids can do. And like you said, there's a lot of admin work that they can do. Even a seven-year-old can.   like you said, shred paper, stamp envelopes. They can help with doing their ABCs and filing things away if you're an older ⁓ practice owner and they have ⁓ still the paper file system. ⁓ yeah, it really is a wonderful way to not only teach responsibility, but also to save. ⁓ I highly recommend ⁓ doing that. And even if you have parents that you financially support, you could even   The Dental A Team (22:45) Yeah.   Yeah.   Alexis Gallati (23:02) go and hire your parents through your practice ⁓ and write off their support. Of course, again, they need to also have a legitimate job in the business. with parents, you have to be careful if they have any benefits like social security or Medicare. Then you just want to make sure that you're not pushing them out of those benefits because of their income ⁓ or making any part of their social security taxable. So that takes a little bit more. ⁓   finesse than hiring a child.   The Dental A Team (23:36) No, that's great. That's a really good idea too, because I hadn't thought about parents. I have heard about children, but you're right, parents are retired. And if there's ways that you can support and give back rather than like, again, I love the government. I am happy to pay taxes, but if there's ways that I can support my own family, ⁓ I think it's great because I'm going to pay that money anyway, but paying it to people that I love and care about is really a great idea.   Alexis Gallati (24:00) Yeah. Another popular one I'm sure that you've seen on TikTok or other social media is the Augusta rule. ⁓ and this is where you're renting your home to your business. ⁓ and this is perfect example where documentation is absolutely critical. ⁓ but basically what happens is you rent your home to your business for 14 days or less. Those days do not have to be consecutive and your business gets to   The Dental A Team (24:07) Mm-hmm.   Alexis Gallati (24:28) right off the cost of that rent. So obviously lowers your taxes. But then you as the individual do not have to pay tax on that rental income. Now, if you do it for 15 days and you've ruined the strategy and you have to pay tax on all 15 days. So that's really important you do 14 days or less. But this is again a really great way if you have monthly board meetings, that's 12 days right there.   Or if you have employee parties, if you have colleagues over in discussing business, though, as long as you have a rental agreement in place between yourself and your business, and you document through meeting minutes everything that occurred during that event, then that is the documentation that the IRS would need in order to substantiate that.   strategy. And obviously a reasonable rental rate as well.   The Dental A Team (25:27) Yeah, no, didn't realize,   I did not realize that you needed a rental agreement. Can you expand more on that? like we check all the Airbnb's and the VRBO's in the area to see what does our house actually go for and like keep that documented every single year and then have an actual agenda and like have it in the calendar. So it's in our Google calendar. It's got an agenda. It's got a PDF didn't attach. But how does the rental agreement work? like, yeah, how do you, I didn't realize that that was a necessary piece to it.   Alexis Gallati (25:57) Yeah, so you can even just use ChatGPT to create it. ⁓ But essentially what you do is it's just that agreement between the business and personal. So ⁓ you just want to think about it like any other rental that you would do. If you were to go to a conference room in a hotel, for example, or go rent that Airbnb, you're going to be signing some sort of agreement saying that this can happen.   that this event can happen on this date. ⁓ you can either do one agreement for the entire year, spelling out like, here are the days that we're going to be doing these things, ⁓ or you can have an agreement for each time that it happens.   The Dental A Team (26:43) Very cool. That's super helpful. Yeah, I do love the addresses for all anything people. And I mean, I've had CPAs and like, don't go crazy. Like that's where I say like check Airbnb, check VRBO like what you think your house is worth versus what market value says your house is worth. Like, let's make sure that we are accurate on that. But yeah, that's definitely an amazing one that I think is great for offices to surely do.   Alexis Gallati (26:51) Yes.   Yep. Go and get two to three comps. So then that way can just take an average. I feel like that's a very safe way to, ⁓ show reasonableness. You're not just like, Hey, I'm taking the highest one on the block. You know, it's taking a few of them.   The Dental A Team (27:21) Totally. No, definitely agree. I love that. Okay, Alexis, what other ideas? know we're, I'm like just like sitting here. I'm like, I love this writing it down. Great ideas. What are some of the ones that like, yeah, anything else that's going to save us? Um, because like taxes are taxes and we are going to pay them, but like, what else can we do to, like you said, Bill Gates or, um, like Warren Buffett, what are the things that you found for like these higher net worth earners? Like, do they need to get into real estate and like use the big, beautiful tax bill or like,   Alexis Gallati (27:23) Yeah.   Okay.   The Dental A Team (27:50) anything else that you've seen that like really moves the noodles or is like, no, just the small consistent things are really going to help them out.   Alexis Gallati (27:57) Yes, well, they all help out. ⁓ But if you are looking for more of that, hey, Alexis, what's like Hail Mary that I can be doing to act to really save? ⁓ You can look at real estate. ⁓ That could be a whole podcast by itself. ⁓ But in general, you you tend to ⁓ get into real estate when you're not talking about like reets or things I can do through the stock market.   The Dental A Team (28:14) Right.   Alexis Gallati (28:26) ⁓ You're either doing like real estate syndications, ⁓ direct ownership, like long-term rentals or short-term rentals. And ⁓ each of those are treated differently and have different ways of making that ⁓ a tax deduction for yourself. So when it comes to, in general, ⁓ real estate syndications, this is where you're   The Dental A Team (28:49) Mm-hmm.   Alexis Gallati (28:54) buying into a partnership that maybe owns an office building. And you go in with other partners and ⁓ it's syndicated. So it's very passive. There's no way for you to write off any losses in that current year. ⁓ When it comes to direct ownership, the IRS basically says, hey, that real estate is considered passive unless you have real estate professional status or you do that short-term rental   deduction or excuse me, short-term rental exclusion. And so what ⁓ happens if you can qualify for the short-term rental exclusion or real estate professional status is that those what would have been passive losses that you can't use against your current income will be considered active losses. And then you can use it against your   active income, when I say active income, things like your W-2 or your business. So you're getting a current year deduction from that. And you can do cost segregation study to help accelerate depreciation. ⁓ So this is very, very much in the nutshell sort of explanation. ⁓ But it can really be a great way to lower your taxes if   The Dental A Team (29:57) Mm-hmm.   Yeah.   Alexis Gallati (30:16) you essentially want a second job. Just know that real estate is not as passive as the social media gurus go and ⁓ try to glamorize. It really does take a lot of extra work. You want to make sure that you are following the rules properly so that you can get that tax benefit in the current year. ⁓ But if you   The Dental A Team (30:19) Yeah.   Alexis Gallati (30:41) do have that prerogative and you want to learn and get do things properly, then it can really save you quite a bit of money.   The Dental A Team (30:48) Yeah. Are there any other things, Alexis, that are like real estate that save that much but don't require that much work? I'm asking you for the weight loss drug of taxes, please. What's our easiest way with the most amount of bang for buck that you've seen? These are the big hits that if you want, because agreed, real estate's great. If you do that short-term thing, but it is a lot of work. With the big, beautiful tax bill that came through, that 100 % depreciation is pretty fantastic. But like you said,   Alexis Gallati (30:54) Yes.   Mm-hmm.   The Dental A Team (31:17) got to have it rented out, you got to have the pieces, you got to like reno it like there are and you have to have it done by the end of the year and like it's a stressful zone. ⁓ So are there other things that you've seen that might be like 50 or 100 or 200,000 off taxes that aren't necessary real estate? The Augustus one, yes. Like paying people, there's things but is there anything else you've found that are like some of those bigger chunks that maybe people don't think about they don't recognize? Yes of course they're going to take a little bit more work but...   Alexis Gallati (31:17) You gotta work for it.   The Dental A Team (31:45) that you found that could be benefits to our audience.   Alexis Gallati (31:48) OK, so let's talk about my Hail Mary for tax savings. I   love this one towards the end of the year because you're going to want to know, have a good idea of where your tax situation is going to end up. So I use this a lot for year end planning. And this is oil and gas. When you ⁓ invest in oil and gas, again, just like with real estate, there's a lot of different options.   But my favorite is our drilling funds and this is where you invest in a partnership that owns oil and gas wells and these this allows you in that first year to Essentially write off usually somewhere between 80 to 95 percent of the investment that you've put in So let's say you invest a hundred thousand dollars Then you're getting about and let's say conservatively an eighty thousand dollar deduction that can go a   against your ordinary income. So if you're W2 or your business. usually, a good rule of thumb is that, let's say, if you're putting in $100,000, you're saving $30,000 in tax. You're putting in $200,000, you're saving $60,000 in tax. And then after year one, you're earning overall, during the life of the investment, about a 2x   The Dental A Team (33:10) Bye.   Alexis Gallati (33:11) you put   100,000, you're getting about 200,000 back. And so it's considered a very conservative investment. And just because the length of the investment, and this is one of the cons of it, is that it's usually about a 10 to 12 year period. So it's generally only about a 7 % return on investment over the life of the investment. the great thing about it is that   you let's say if you did put in that hundred thousand, you're getting that 30,000 in savings, and then you can go put that into something else that will earn you even more money. So then this is something that you can do every single year. And, you know, just depends on how much money you want to save and so that how much you put in for that investment.   The Dental A Team (33:57) Gosh, that's such a good one. And these are things of like just fun, like tips and topics. Like I said, it's the rules of monopoly. I caught like, how do we play tax strategy better? Alexis, what are any like resources? I feel like you guys have some resources. Like I feel the world of tax is so daunting. And so it's like, we hear from podcasts and we hear snippets and we see TikTok and it's like real estate games. like, where do people go if they like want to dig a little bit deeper and really become like more tax expert and more tax savvy and.   like tax strategy, like what are any resources you found or ways for people just to become a little bit more literate in the tax world.   Alexis Gallati (34:33) Yes, so ⁓ of course I'm to do a little shameful plug. My book, The ⁓ Advanced Tax Strategies for Medical Professionals, it's really just that it's a brain dump of all different types of strategies, whether it's for your business or W-2 only, charitable, these alternative investments. And so it's really a space.   The Dental A Team (34:36) as you should.   Alexis Gallati (34:58) for readers to learn more about their options. So then that was the way they can go online and do more research or bring it to their current advisor. So, you know, it's just about opening those possibilities. Otherwise, you know, one resource that is really great for especially medical professionals is the White Coat Investor that Dr. Dali, he has a wonderful, wonderful site and he puts out really good material.   The Dental A Team (35:11) Yeah.   Alexis Gallati (35:25) when it comes to not only taxes, but also for ⁓ just finances in general. And then, of course, on ⁓ CerebralTaxAdvisors.com, our website has wonderful ⁓ material that I put out all the time. There's lots of goodies there, as well as ⁓ different resources and worksheets and stuff like that.   The Dental A Team (35:52) Yeah, no, that's super helpful.   But Alexis, what do you find ⁓ as you go through this? Like one, how often are you meeting with your clients? Because I feel like so many CPAs and tax strategists meet with them in like December 1st and they're like, hey, you owe this much money. Is that how you guys plan? Like how should tax planning actually work?   or is that normal? Like I'm just trying to find a vibe of how this should work in the industry.   Alexis Gallati (36:15) Yeah.   Yeah. So when a medical professional first starts working with us, I design a tax plan for them. And that's really critical because right then and there, OK, what can we be doing to dramatically lower your taxes, legally, of course, and set you up for success? And then we meet with our clients at minimum twice a year. So we do a mid-year tax projection and a year-end tax projection.   The Dental A Team (36:34) course.   Alexis Gallati (36:45) And especially with medical professionals, your income is so variable throughout the year, depending upon insurance reimbursements or seasonality and things like that. And so we really want to make sure that we have a good, clear understanding, good six plus months in advance. Hey, what are you going to be owing tax wise? What does cash flow look like? What quarterly estimated payments do you need to make?   All of these things should not be a surprise. So that's why when I built Cerebral in the packages we have, I was really focused around how do we eliminate those surprises.   The Dental A Team (37:23) Yeah, no, I love that. that's super helpful because I feel like so many just wait till December and it's like, no, like there's things I could have been doing and if I would have known. So that's super helpful. And then I think the other question is like, okay, you guys are tax strategy. Are you CPA? Are you bookkeeping? Like kind of differentiate. Are you in the financial advisor world? Like what specifically would we say I need you for XYZ, but I'm going to need these people again, like marketing, right? Like what facet of my wealth management are you?   and who do I need paired with you?   Alexis Gallati (37:54) Yep, so we are your tax compliance, tax planning, your bookkeeping, and CFO services, and also business advising as well. So we're able to set up entities for you ⁓ as well as provide ⁓ just a lot of the years and years of experience that we have in running businesses and seeing different types of practices, et cetera. ⁓ We are not investment advisors, so we won't   say, buy Coca-Cola versus Pepsi. But we will introduce you to different investments that have tax benefits. And one very unique quality of Cerebral that's very different from other firms is that we do not take any commissions or kickbacks on any strategies we recommend or vendors we recommend. And we don't sell any products. So we're very education-based. I'm very focused on   you understanding your options so you can make a educated decision on what you want to move forward with. And then we are a white glove done for you firm that will implement those strategies on your behalf and make sure they're reported properly on your tax returns. Because that's what we've found being in this industry, especially specializing in medical professionals, is there's a lot of people out there that know about these strategies.   but they do not know how to implement them properly. And that honestly is 80 % of the fight when it comes to doing any of these strategies.   The Dental A Team (39:26) Yeah, no, that's incredible. So, and again, this is just like naiveness on my side. Do I need a CPA or are you guys the replacement of a CPA?   Alexis Gallati (39:35) Yeah, we're the replacement of CPA. We are CPAs. We are EAs. So we are taking care of your tax preparation, so personal and business. We do it all. I try to keep these packages as comprehensive as possible because I hate being nickel and dined. communication's a top priority for us. And so we don't want our clients to hesitate whatsoever to connect with us. And so that's why we don't.   The Dental A Team (39:56) Totally.   Amazing.   Alexis Gallati (40:05) shot like I, my gosh, I just got like a bill from my attorney the other day and it was for stuff that I talked to him about like in August. I'm like, I hate those pop-up bills. So that's yeah, that's, why I try to make it as comprehensive as possible.   The Dental A Team (40:10) Yep.   Right.   Awesome.   No, that's fantastic. That's really helpful. And I know a lot of people are very nervous to switch from their CPA. CPAs, feel like we're so embedded and we trust them with our souls. Truly, I see this. ⁓ So is there complementary calls we have with you? how do we start with that? Because I know, honestly, untangling from a CPA is such a pain. It is so annoying. so ⁓ how does that process work if people want to work with you, Alexis?   Alexis Gallati (40:46) So the best thing you can do is go to our website and go to the contact page. And you will ⁓ go through a very quick questionnaire to make sure that you're a good fit for us, because we also want to make sure we're a good fit for you. And we will ⁓ have a tax discovery session. And during that session, we will. We'll talk about what your needs are and what it's like to work with us. ⁓ I'm very focused on that return on investment. We actually have a guarantee.   with the design of our plans that I will save you at least two times what you pay us in ⁓ tax savings or you get the plan for free. And on average, our clients actually achieve 4.5 multiple with the design of our plans. So again, it doesn't make sense for us to work together if I can't save you more than what you're paying us.   The Dental A Team (41:39) That's amazing. No, that's incredible. And that's a great guarantee. And ⁓ then let's say hypothetical, we do get audited. How often do you guys go through audits and like success rate? Like I'm imagining if you were three years in IRS, you're probably pretty fantastic at that. But these are always things that I'm just curious. Like how does that work? And how often are your clients audited? And like, how is your success rate on that? And if you don't want to share this, I hope you do. We're just going to go for it. Like, yeah, I'm just going to ask the weird questions. Why not?   Alexis Gallati (42:01) Yeah.   I love the weird questions. They're the best. So yeah, that's one thing I can never guarantee that you won't be audited because of course there are always random audits that happen. We've only had three audits since I started Cerebral over 10 years ago. In 2014, I started Cerebral. ⁓ And ⁓ one of them was for the mortgage interest deduction. there's a limitation in that.   The Dental A Team (42:18) It's incredible.   Alexis Gallati (42:28) Um, and that was just, unfortunately, a client had not provided the correct information. And so we were easily able to just change it and be on our way. Um, and then another two were regarding actually real estate professional status. And that was just New York state saying, Hey, like we don't, we don't think that you're actually qualified for this. we're like, Oh, yeah, we do. Here's the paperwork. And they're like, Oh, okay. See you later. So yeah.   The Dental A Team (42:50) Yeah.   That's amazing.   That's a huge thing. And I'm so glad I asked the question because I think for me, that's something I'm curious on of like, I get it. Like you said, you can't guarantee that, but as long as you back in, do you guys charge extra for those audits or is that part of the plan? Like, nope, we stand behind it. Like, how does that work? Cause I know there's some firms that I have chatted with and if we do get audited, it's like 375 an hour for the audit. And I'm like, okay, like I'll just plan for that. But how does that work for you guys?   Alexis Gallati (43:18) Yep, so we back up all of our work and all of our packages. If you do receive a notice for anything that we prepare, you send it to us and we help you take care of it. So yeah, we 100 % back up our work. If you come start working with us and you have some a notice from a year that we didn't handle, like we didn't prepare, we'll still help you handle it. But that would be just.   at our hourly rate, depending upon the extensiveness of the notice. But to go back to your original question about making that change, I 100 % get it, especially if you've been with somebody for so long. And so you just have to look at that cost benefit and see, hey, staying with this person, how much is that costing me in tax savings versus   The Dental A Team (44:01) Right.   Alexis Gallati (44:12) going with somebody like cerebral and we try to go and make that process as seamless as possible when it comes to getting ⁓ up to date in your history and then ⁓ getting access to your bookkeeping and getting your tax returns. ⁓ And so, because I completely understand it can be daunting, but. ⁓   Happy to have a conversation around it when we meet about the discovery session and to see if it's something you'd want to move forward with.   The Dental A Team (44:43) Amazing. Alexis, has been such a great podcast and I just love meeting great individuals. I love how much you have a passion for the law and for the tax wealth and it's your own life and your own livelihood. So if people want to reach out, I know you said it before, how do they connect with you? So yeah, they can get started if they're interested.   Alexis Gallati (45:01) Yeah. So you can Google us or just go to CerebralTaxAdvisors.com. And which by the way, the reason why I have cerebral is because my husband is a private practice neurosurgeon and my dad's a retired private practice neurologist. hence cerebral in the brain. So if y'all can remember. But yeah, so CerebralTaxAdvisors.com is the best way to get a hold of us.   The Dental A Team (45:14) There you go.   I love it. Yeah.   Alexis Gallati (45:27) ⁓ And I look forward to potentially talking with y'all.   The Dental A Team (45:32) Well, Alexis, thank you so much for this. And for all of you listening, I hope you take advantage between now and April 15th. I hope you just like have a conversation. I'm always pro. I love CPAs. My CPA listens to this podcast and I'm always interested in meeting new people like Alexis, chatting with them. Are there different ways that they can benefit me? Because yes, I love my CPA, but I love more than that saving money and learning new strategies that maybe I didn't know about. So Alexis, I really hope a lot of them reach out to you, connect with you and for   All of you listening, thank you for listening. I'll catch you next time on the Dental A Team Podcast.  

Johan berättar om tidernas kanske konstigaste fotbollsmatch. Anders är inne i hockey-VM men har ändå tid att undra: Vad hände med Zico Junior? Dessutom: Ingvar Carlssons drömträff, boktips till ÖSK, Håkan Södergren, Jaap Stams luriga siffror, Warren Buffets försiktighetsprincip, fotbollsmentorer, Bob Houghton-trick i Hallonbergen, konsten att låta bli och Mozarts hundår i den svåra övergången från junior till senior. Bli Offsidemedlem – 0 kronor första månaden!

Investeringsoraklet fra Omaha, den 94-årige Warren Buffet, træder tilbage efter 60 år i spidsen for selskabet Berkshire Hathaway og går nu på pension. Dermed sættes der et punktum for årtier med nærmest svimlende økonomisk succes. Få mennesker har forandret pengeverdenen mere end Buffet. Hvad bliver Buffets eftermæle? Hvad kan almindelige investorer lære af Buffets investeringsprincipper? Vi kigger også på to overraskende parlamentsvalg, der gav solide sejre til ledere, der var i klar opposition til Donald Trump og Trumps protektionistiske krig mod verden. Hvad er betydningen af Mark Carneys sejr i Canada og hvilke økonomisk politiks kan vi forvente? Hvordan har markedet reageret og hvad kan progressive kræfter lære fra særligt Carneys sejr og armlægning med Trump? I studiet: Magnus Barsøe og Mikael Milhøj.See omnystudio.com/listener for privacy information.

I veckan kommer rapporter från svenska folkaktier som Saab, New Wave och Fortnox. Lägg till flera amerikanska jättar som Tesla och Alphabet. I veckans IG Börssnack diskuteras hur du ska se på bolagen när de öppnar sina böcker. Dessutom blir det en trade från proffset ”Mikrit” och ett köpcase i Warren Buffets anrika investmentbolag Birkshire Hathaway.Läs mer om IG: https://www.ig.com/X: https://twitter.com/igsverigeInstagram: https://www.instagram.com/igsverige/Facebook: https://www.facebook.com/IGSverige​LinkedIn: https://www.linkedin.com/company/igsverige/Optioner och turbowarranter är komplexa finansiella instrument. Handel med dessa instrument medför en hög risk för snabb förlust av pengar.CFD-kontrakt är komplexa instrument som innebär stor risk för snabba förluster på grund av hävstången. 75 % av alla icke-professionella kunder förlorar pengar på CFD-handel hos den här leverantören. Du bör tänka efter om du förstår hur CFD-kontrakt fungerar, och om du har råd med den stora risken för att förlora dina pengar.

We spend a lot of time on this channel hearing how experts think the financial markets will react to recent developments.But histories most successful investors -- the Warren Buffets, the Benjamin Grahams, the Peter Lynches and the John Templetons -- didn't concern themselves much with what was happening int he short term.Instead, they focused on doing the following:1. Buy wonderful companies2. Led by outstanding managers3. Trading at fair valuation multiplesAnd then held onto them. Sometimes for decades.Today's guest, Pieter Slegers, has made it his career mission to understand and apply the core success principles and best practices of the world's greatest investors, and then help regular investors like you and me ride their coat-tails.His Substack Compounding Quality is currently the #5 highest-earning financial Substack in the world, and today we'll have the good fortune of hearing his synthesis of what makes a successful investor.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Daniel Eckert und Anja Ettel über die Spekulationen um Intel, Europas erzwungene Rüstungs-Hausse und was diese Woche sonst noch wichtig wird. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Whats up Homies!If you have a question for the podcast just shoot us an email at Jackson@realagentnow.comIf you want to learn about Partnering with us at eXp realty email us at Jackson@realagentnow.com

Ever heard of presidents using astrologers? Curious about the common thread between Ronald Reagan, Megan Fox, and J.P. Morgan? It's their shared fascination with the stars! Ever wondered what exactly it is about Warren Buffets chart that points to extreme wealth? (Because it's in there!) Step into the celestial realm where Madonna, Megan Markle, Charles Schwab, Jennifer Lopez, Robert Downey Jr., Kim Kardashian and more, are all connected by this cosmic interest, and find out why! Embark on a journey beyond the ordinary and discover the intriguing message that comes for each horoscope sign mid week, and finished off this month on a high note, moving into March with some positive astrology energy! Unlock insights about your life's path and discover hidden potentials with a personalized astrology reading tailored just for you. Click here!Join me over on the Patreon channel for more astrology news and intriguing explanations! Click here!Each horoscope sign is time stamped below for your convenience :) (00:00:00) Welcome to The Horoscope Vault((00:01:49) Astrology use in the political world(00:20:15) Aries Weekly Horoscope(00:22:00) Taurus Weekly Horoscope(00:23:43) Gemini Weekly Horoscope(00:26:11) Cancer Weekly Horoscope(00:28:54) Leo Weekly Horoscope(00:31:17) Virgo Weekly Horoscope(00:33:35) Libra Weekly Horoscope(00:36:23) Scorpio Weekly Horoscope(00:38:58) Sagittarius Weekly Horoscope(00:41:51) Capricorn Weekly Horoscope(00:43:38) Aquarius Weekly Horoscope(00:46:17) Pisces Weekly Horoscope(00:48:20) Next weeks astrology.Support the showYou can send your questions to thehoroscopevault@gmail.com to be answered in a future episode!

Dollarn försvagas ytterligare efter duvaktigt fed-uttalande och Warren Buffets parhäst Charlie Munger är död. Programledare: Ylva Johansson

Alan Fredendall // #LeadershipThursday // www.ptonice.com  In today's episode of the PT on ICE Daily Show, ICE Chief Operating Officer Alan Fredendall discusses the "golden triangle" or the foundation of personal & professional success where time, money, and autonomy overlap. Alan shares research supporting a direct relationship between money earned & happiness, as well as the importance of respecting time & autonomy in the workforce. Take a listen to the podcast episode or read the full transcription below. If you're looking to learn more about courses designed to start your own practice, check out our Brick by Brick practice management course or our online physical therapy courses, check out our entire list of continuing education courses for physical therapy including our physical therapy certifications by checking out our website. Don't forget about all of our FREE eBooks, prebuilt workshops, free CEUs, and other physical therapy continuing education on our Resources tab. EPISODE TRANSCRIPTION INTRODUCTION Hey everyone, this is Alan. Chief Operating Officer here at ICE. Before we get started with today's episode, I want to talk to you about VersaLifts. Today's episode is brought to you by VersaLifts. Best known for their heel lift shoe inserts, VersaLifts has been a leading innovator in bringing simple but highly effective rehab tools to the market. If you have clients with stiff ankles, Achilles tendinopathy, or basic skeletal structure limitations keeping them from squatting with proper form and good depth, a little heel lift can make a huge difference. VersaLifts heel lifts are available in three different sizes and all of them add an additional half inch of h drop to any training shoe, helping athletes squat deeper with better form. Visit www.vlifts.com/icephysio or click the link in today's show notes to get your VersaLifts today. ALAN FREDENDALLTeam, good morning. Welcome to the PT on ICE Daily Show. Happy Thanksgiving. We hope your Thursday morning is off to a fantastic start. We're here on Thursday, Leadership Thursday, talking all things small business management, practice ownership, that sort of thing. Thursday, Thanksgiving Thursday, still means it is Gut Check Thursday. This week's Gut Check Thursday is a little bit of a tradition around here at ICE. We are gonna do a hero workout called Burp. This is a very long bodyweight workout. Starts with 50 burpees, a 400-meter run, 100 pushups, a 400-meter run, 150 walking lunges, a 400-meter run, 200 air squats, a 400-meter run, and then now we're going to come back down that pyramid. 150 walking lunges, 400-meter run, 100 pushups, 400-meter run, and then finally finishing with 50 burpees. So, very long workout. This is gonna take most human beings about an hour to finish. Obviously, you can tell a lot of redundancy in there with the running, the lunges, the air squats, and then the burpees and the pushups. So, if you do not have an hour today to work out, scale this. Cut all the gymnastics reps in half. Maybe cut the runs down. If you know you're a better biker than a runner or something like that, sub out a rower or a bike for the run. Obviously, the more you reduce the volume, the less time it's going to take. This workout is not for the faint of heart. This is going to make your upper body and lower body sore between all the lunges, squats, pushups, and burpees. But it is challenging. We love how simple it is. You don't really need to warm up or really have any sort of particular skill or range of motion to do this workout. So that's why we love Burp. Courses coming your way, I don't want to bother you with those today. Check out p10ice.com, click the Our Courses tab, and see what's coming your way. We do have a couple more weekends of live courses starting back up again next weekend before we take our final holiday break over Christmas and New Year's. So check out ptonice.com and click on our courses if you're interested in jumping into a live course before the end of the year. THE GOLDEN TRIANGLE Today I want to talk about a concept that I call the golden triangle. Talking about when folks reach out and they describe maybe an employment situation that they are not happy with. This is kind of how I evaluate what I think of the three pillars to success when you are not only working for someone else but just working in general. Even if you are self-employed, even if you do run your own business, carefully managing the three sides of this triangle, I believe is really important for your own personal and professional success, but also for those of you leading others in charge of others, I think even more important to fundamentally understand these concepts. So those three concepts are money, time, and autonomy, and we're gonna break each of those down here in a little bit. I want to start here though first, and this may be a weird place to start, but I promise we'll bring it back around again. I want to talk about what is the role of the human brain. A lot of us may think the human brain is for high-level computations and calculating the physics of a black hole, but that's not how most people's brains work. That's how very few amount of people's brains work, but for most of us, Our brain is a survival mechanism. It is a comparative analysis engine. And it's really good at making comparisons. Your brain is making one billion billion calculations per second. That's a one with 18 zeros. That is a million times faster than today's standard cell phone laptop or desktop computer. We call that an exaflop. It is the most powerful processor on the planet. It is always gathering data, both internally and externally, and making comparisons. Am I hot? Am I cold? Am I hungry? Am I thirsty? Am I not making enough money? Is my coworker making more money than me? Is my boss doing better than me because I noticed that he just bought a speedboat? Those sorts of things. Yes, very basic survival mechanisms, but also higher-level stuff. And that kind of brings up the next point of Maslow's hierarchy of needs. If our brain is this comparative analysis engine, what is it really focusing on? Well, psychologists would say it's focusing on comparing ourselves on this pyramid, this hierarchy of needs, where at the base we have our physiological needs. Am I hungry? Am I thirsty? Am I tired? The next level up is safety and security. Do I have a safe place to rest and sleep at night? Do I have a place maybe that in my mind when I compare to others I call my home? The next level up, the third level, love and belonging. Do I have friends? Do I have a family? Am I raising children? Not only do I have them, but do I feel like I'm thriving in those relationships? And now as we get to the top of that pyramid and we approach that peak, the fourth level is esteem and the last level is actual actualization, self-actualization. So do I feel like I am doing something meaningful, and do I feel like I'm doing something meaningful very well basically You know what is my life's work, and how am I doing at that? And now the brain is always comparing both to environmental factors and to other human beings where we sit on that hierarchy. Trying to chase the top tiers before addressing the bottom, I think is the cause of a lot of dissatisfaction in our daily lives. So shelving that for a little bit, the brain is a comparative analysis engine and hierarchy of needs. Let's get back and talk about the golden triangle. MONEY The first I want to address is money. Money is uncomfortable for some people to talk about. It's often a pain point for almost every single one of us. I think really understanding that about three-fourths of people live paycheck to paycheck and about half of all people now work two or more jobs. really helps us understand that we're not alone in being concerned about money. Most people are concerned about money, but also that it's okay to be concerned about money, right? That kind of sits at the base of that pyramid of those physiological needs, that safety and security. We do need money in modern society to do things like buy food and pay the rent on our apartment or the mortgage on our house. There's often an adage of don't focus too much on money because money can't buy everything or money can't buy happiness. And I would refute that. I would say that that is categorically untrue. We have some really interesting research from the 90s and 2000s that found money and happiness do correlate. There seems to be a plateau, at least in the earlier research, of around $100,000. Research from the 90s and early 2000s found that if you make about $100,000 a year, The more money you make. beyond that doesn't really seem to increase your happiness. Now, the thing to recognize is that if you're not making that, there is room for happiness between that and $100,000. New research, specifically from this year, an article from Killingsworth, I love that name, Dr. Killingsworth and colleagues, this year, March 2023, from the Journal of Psychological and Cognitive Sciences, titled, Income and Emotional Wellbeing, a Conflict Resolved. Strong title, I like it, let's talk about it. These folks repeated the studies, some of it their own research from the 90s and 2000s, and they're looking specifically at the relationship between income level and happiness. What they found this time is interesting that folks tend to fall into categorization buckets. Hey, we know all about that in physical therapy, right? What are these buckets? Well, human beings tend to fall into three different buckets. The first bucket is what they labeled as the least happy group. These were folks who kind of demonstrated the same results as the initial studies, where these folks seem to have a happiness plateau at about $100,000. What does that tell us? That tells us this group of people is probably motivated enough by money that once those initial levels of the pyramid are met, they're able to feed themselves every day. They're no longer worried about their next meal or making the rent or paying their bills. Beyond that, they don't seem to get any more happiness from an increased amount of income, right? So this could be somebody who, I imagine these people is the folks from the documentaries that have to you know free climb El Capitan or summon a mountain or something of that's really what drives their brain and kind of their intrinsic motivation and having enough money to do that stuff gets them to the level of happiness where they can pursue other things. The next group of people they labeled, the researchers labeled the medium happy group. These folks had a linear increase even beyond $100,000 a year with happiness and income. And then the highest happiness group had an exponential increase with income beyond $100,000. They could not seem to get enough money. Money on the opposite side of the least happy group, these folks seemed to be almost entirely intrinsically motivated by accumulating wealth, right? So these are our oil barons and our real estate moguls, our Warren Buffets maybe, folks who have a high value on money and its worth in their life. And then most of us are probably in that medium happy group. As we continue to make more money, we're able to buy nicer things, but it doesn't necessarily define us, but we do like to have that money. All that being said, there is a direct relationship between money and happiness. It's really important we recognize that paying people well, of feeling like the work that you do is rewarded with the amount of money that you place value on, is recognized both yourself personally, but also when you're leading others. What I found over my career Keep in mind, I've been working full time since I was 12 years old for about 25 years, is that the folks who tell you there isn't money for a raise, there isn't money for bonuses, or even that they maybe need to take money away from you, are telling you that because they don't want to give you more of the company's money, right? There is always more money, especially in the context of physical therapy, for an increase in your wages. We all have what we would refer to as a revenue-neutral position, which means the revenue you generate from the work you do is creating more wealth than what you are taking back from the company. I can't imagine a situation where a physical therapist would be getting paid more than what the clinic is collecting in revenue for those patients being seen. So it's really tough to talk about. I recognize that it can be awkward. It can be weird. It can be upsetting to personal and professional relationships, but I promise you when you draw a firmer line than the sand around what you're paid, when your comparative analysis engine is telling you, you're not being rewarded for the time you're putting in. That can be a pain point for dissatisfaction and the research would support that you are not wrong in believing that the money you're currently being paid and the money you think you would like to be paid is creating a happiness gap. It literally is, right? Killing's worth 2023. Messing with people's money on the leadership side is a recipe for disaster. It is never okay to cut someone's pay, to inflict some sort of monetary penalty aside from something catastrophic, right? Dave accidentally drove his car into the clinic and destroyed the clinic. Okay, Dave, you got to pay for that, right, man? But aside from really rare, unbelievable, catastrophic stuff like that. There's no reason to inflict a monetary penalty on someone or to take their benefits away. An example I have of this is my time in the army where if you messed up, if you were late to duty, If you didn't shave, you could be punished monetarily for that, right? It was called in Article 15, it is non-judicial punishment. That means usually you have to work extra duty and it usually means that they cut your pay that month. And that really puts a strain on people, especially in the context of the military where they're not already making a lot of money. And I fondly remember watching people have half their paycheck, all their paycheck taken away, and just instantly how it ruined that person, it ruined their career trajectory. So without a doubt, as a leader, that's something you do not want to mess with. We saw that mess with a lot during COVID-19. We saw pay being cut, and we saw benefits being removed, and then not returned. And it's no surprise that now, several years removed, we have the era of time that we now live in, what we call the Great Resignation, where folks are more than happy to say, give me a raise or I'm leaving, and they will literally leave, right? And for us as practice managers and owners, that's devastating. Attrition is one of the highest costs you can encounter, and you need to avoid it at all costs. When someone leaves, it's going to cost you $3,500 for every $10,000 that person makes. That's money you won't get back on maybe trading you did with them, time you spent with them, money and time you're now going to need to spend trading somebody else. And then of course lost revenue because that person is no longer working for you generating revenue. So keep that in mind when you're thinking, I'm going to withhold raises, I'm going to withhold bonuses, I'm going to otherwise inflict some sort of monetary penalty. It never goes well. And again, it's okay if money is a pain point for you personally, and if it's a pain point for the people underneath you that you're leading. Pay should always increase over time to match inflation at the minimum. I have said this a thousand times and I will say it a thousand times more. Every year you do not get a raise, you are taking a pay cut because everything in your life now costs more money to buy. So keep that in mind. I will beat that dead horse until we're all on the same page about that. And finally, I think this is something no one wants to hear. Both those of you who are maybe unsatisfied with your position because of the money and those of us leading others it is okay for people to leave a position if it's not working out for them financially, right? You cannot feed your kids with the promises of potential future money. Your landlord will not accept the ambitious dreams of your clinic owner and payment for your mortgage. and you cannot get any sort of retirement return on zero dollars invested. So it is okay to move on if this is a pain point that doesn't seem to be addressed. So money is the first part of our golden triangle. TIME The second part is time. Time is a finite resource that we're all running out of. I think every day now the moment I turn 37, I am statistically halfway dead. And statistically, every day beyond that point is that much time left I have on Earth. Time is interesting. Some folks don't feel the value at all. Some folks tend to place a great emphasis on it, maybe even more so than anything else. Humans are the only creatures that can perceive time, so I think it's unique that we're able to perceive the flow of time, and we're kind of aware of moments where we have maybe too much time that we might call boredom, and moments where we feel pressed for time. A lot of us, the majority of the human race, will spend most of our lives using our time to generate money and then trying to use some of that money to buy some of our time back. And that's the way it is, even if it is a little bit sad. But I think recognizing that that's how most of us are going to move through life is important. For some people, time will always be more valuable than money. It does not matter how much you offer someone, how much you may offer them for overtime, whatever, their time doing other stuff is important. There are those people, the clock strikes five, they're out of there and we need to understand and respect that that is one of their values and work around that in whatever way we can. Very few people though, even folks who maybe don't seem to value their time a lot, very few people do not like to have their time wasted for no reason. And this happens a lot in life. It happens a lot in day-to-day life. It happens a lot in the workplace. Think of every situation where you've shown up early or stayed late for a meeting or some other event that was canceled delayed or rescheduled even without notifying the people currently sitting and waiting there for that to happen. Every time someone schedules a meeting with me and doesn't show up, that's a strike in my mind against that person. Very few of us have the tolerance to have our time completely wasted in that manner. but it happens a lot and it happens a lot in the context of the physical therapy workforce. Think about how many times you've come to work and the first two patients on your schedule have canceled or rescheduled, right? And you're thinking, what the heck? Why didn't anybody text me or call me, right? I could have gone to the bank or I could have sat and had breakfast with my kids at home or any, literally anything else would have been a more valuable use of your time. We also, are often asked to work in situations where we know it's not a good use of our time, right? I think of every time I have been asked in the past to work on Christmas Eve, right? Especially in the context of patient care. I know as soon as I'm asked to work on Christmas Eve that no one is going to come to their appointment on Christmas Eve. I remember it's burned in my brain, I spent one Christmas Eve with a completely wiped-out schedule, laying on a treatment table, and I watched all six Rocky movies in a row, right? I watched like eight hours of Rocky movies and did not see a single patient. What a monstrous waste of my time, and the clinic's money, just a bad situation for everybody. The Japanese have a term for that. It's called "Isogaghii" is the act of pretending to be busy. Even when you have nothing to do, we hate that. That is not something that we should encourage. If you don't currently have something to do, don't be here. I live my life by that model. When I catch people sitting in the clinic and they're just kind of pushing buttons on a computer, I always ask, what are you doing here? Oh, you know, I'm, you know, final, I'm like, okay, go, go home, right? Go away. No "Isogashii". We do not need you to sit at your computer doing nothing until 9 pm just to appear busy. So that's money. That's time. AUTONOMY The last part of the triangle is autonomy and independence. It's important to know that we developed this very early, and we all have a strong sense of it, even if we don't voice that it's one of our values, right? I think of my son, he's about to be 11 months old. A couple of months ago, we were hand-feeding him, already he has that sense of autonomy. Now when I go to feed him, he slaps the food out of my hand, and then he grabs it and feeds himself, right? He's already expressing, hey, I'm not a baby. I don't need you to hand-feed me. I can feed myself, right? And that's already present in very, very small children, right? Those of you with toddlers, you know, that independent streak starts and doesn't stop. Those of you, especially with teenagers, you know, it gets more aggressive. And then obviously all of us as adults, have a very strong sense of autonomy. Again, even if we don't express it explicitly as one of our values. Just like time, autonomy is violated on a very regular basis in very unfortunate manners. This happens a lot in the workplace. A lot of you work for employers who control how you're allowed to dress. how you're allowed to speak and talk with your patients, how and when you're allowed to perform very basic physiological functions about when you can eat food. Some of you work for employers that don't let you eat or drink at work. You have to leave the building and eat outside by the dumpster like an animal because you're not allowed to eat in the building because the owner or the manager doesn't like the possibility of crumbs. That is a huge autonomy violation. We also see this in our workflow as well. A lot of us are performing unnecessary documentation so that someone can check our work, right? So that someone can audit our notes just for the purposes of having a checklist where they audit our notes, right? It serves no actual purpose as it relates to helping the patient by documenting what we did with the patient. And for those of us who take insurance, create a claim that goes to the insurance company. There is no point where it's required that all of these extra processes that we add to our workday are mandated. Nonetheless, many of us work for an employer who has all of this extra work, all of these extra checks on our autonomy just to have extra checks. That's very insulting and it creates a lot of redundant work that also simultaneously affects our time. So we are getting a one-two punch of time and autonomy when we're doing a bunch of busy work that doesn't respect our time. It doesn't respect that we're independent clinicians who have often been working a while with a bunch of advanced education. The final thing I'll say here is that what you'll unfortunately find is that leaders who micromanage more, and who place more limitations on autonomy are often the same leaders who have minimal or no restrictions on their own autonomy, right? The person who is a stickler about a dress code is often the person in the office in shorts and a t-shirt and sandals working on the computer, right? So be mindful of those things. As you are maybe seeking out a new position or evaluating your current position, there's no double standard on autonomy. THE GOLDEN TRIANGLE AS A ROBUST BASE FOR SATISFACTION So the golden triangle, the interdependence between these three things builds a very robust base personally and professionally. However, I think it's very important to note that if we take our comparative analysis engine in our brain and compare it to Maslow's hierarchy of needs, What some of us are doing is trying to aim for the very top of the pyramid, aiming for esteem, aiming for self-actualization, and trying to become the best physical therapist that can be when those other bases of the pyramid are not being met, right? We don't have our basic needs met because we don't have enough money coming in. We don't have control over our time. We don't have control over our autonomy. We talked last week about the pitfalls of social media, trying to make you think that the reason that you're unhappy is you're not buying enough stuff or consuming enough content. With that stuff in that content, mainly being focused on trying to push you to the top of the hierarchy of the needs when really what you need to do is address the base, meet those basic physiological needs, safety, security, love, Make sure that time, money, autonomy are on board before you consider purchasing that $10,000 self-help retreat or the mentorship program or the mindset program. I think a lot of our perceptions of concepts like burnout or imposter syndrome are really just the result of our comparative analysis engine and our skull recognizing differences and asymmetries between what we're doing every day and the results we're either achieving or not achieving compared to other people. And when we look and step back and look at this golden triangle, we see, okay, I am not making the money I think I should, especially compared to my peers. My time is not being respected. I'm working more than I think I should to make the money I'm making. And oh, by the way, I'm being treated Like an infant at work by having a dress code and having all of these extra redundant Processes at work that I need to do that consume more of my time and we are always again It is part of our survival. It's hardwired in our brains to make these comparisons. We're always consciously aware of the time and the work and the money and the autonomy compared especially to other people and kind of comparing again back to that hierarchy of needs. And that if we allow one or two or all sides of this triangle to be violated, that's where we find a lot of frustration, and trying to jump your way to the top is not going to get you there. You need to address that base. When folks reached out and they described their appointment situation, I used to be a lot more polite with my thoughts when people emailed us and said, what do you think? I'm seeing 20 patients a day. I'm making $62,000 a year. And every month that I see more than 250 patients, I get a $500 productivity bonus. What do you think? I used to be a lot more polite when answering those emails. I am not polite anymore, right? A lot of the dissatisfaction, a lot of the burnout, I hate that term, a lot of the burnout, though, can probably be addressed if we're a little bit more firm and reinforcing and adhering to our values of Again, money, time, autonomy, are all of those things in place? Okay, now we can begin to look more up that hierarchy, begin to pursue maybe specialization, become the best physical therapist we can be, or even if that's not something you value, the best whatever you see yourself becoming. But again, we can't get there if we don't address the base. Doing anything else is just addressing the symptoms. It's not addressing the root cause, right? We need to address the root cause first. We can't just keep treating the symptoms by buying stuff and taking vacations and that sort of thing to try to solve the unhappiness that we're perceiving. We need to know that it's all related and that we need to address it first before we can begin to kind of reach beyond the top of that pyramid. So I hope this was helpful. I would love to hear any feedback or comments you all have. I hope you have a wonderful Thanksgiving and we'll see you all tomorrow. We're gonna talk about rowing. OUTRO Hey, thanks for tuning in to the PT on Ice daily show. If you enjoyed this content, head on over to iTunes and leave us a review, and be sure to check us out on Facebook and Instagram at the Institute of Clinical Excellence. If you're interested in getting plugged into more ice content on a weekly basis while earning CEUs from home, check out our virtual ice online mentorship program at ptonice.com. While you're there, sign up for our Hump Day Hustling newsletter for a free email every Wednesday morning with our top five research articles and social media posts that we think are worth reading. Head over to ptonice.com and scroll to the bottom of the page to sign up.

In this episode I share Warren Buffets definition of growth and Value

Attention all financial dreamers and goal-getters! Do you want to make more money? You're in luck because today, Darren reveals Warren Buffet's investment advice that will radically change your life. Secure your seat for the May Business Master Class at http://dhbmc.com/.  Get more personal mentoring from Darren each day. Go to DarrenDaily at http://darrendaily.com/join to learn more

In episode 84, we pick up our conversation with Tyler Sullivan of Sullivan Beauty right where we left off by discussing complacency.Enjoy part 2 of this conversation, and then take action to improve your business!  Complacency is one of the silent killers of businessA brief touch on social media and where things are going.What is something that distributors are missing/leaving on the table/dropping the ball on?Programs offered by SB that you should really go check out:Explanation of Sullivan's Elite Rewards ProgramThe e-commerce solution, Stylist Stores, *pays a full commission!Is it worth competing with conglomerates, or is leaning into what you do best?"Warren Buffets 5/25 Rule"What does the process of bringing new product lines on look like? Demonstrating integrity by sticking to the company values.Avoiding placing undue pressure on the team, JUST for the sake of bringing on new lines.Has SB ever had to drop a line?  Have you considered leveraging technology such as ai, augmented, and/or virtual reality?Shout out to Christian Awesome for the content he's putting out and how innovative he is. Find him on IG @ChristianAwesomeWhat can we expect to see next from Sullivan Beauty?We wanted to finish by running through some quick-ish, fun questions.Here they are:What's your favorite color?How do you drink your coffee?What did you want to be when you were in 8th grade?Did your father intend for you, your brother, and your sister to carry on and take the company into the future?In what area of education should the industry focus?Have you considered hosting business-focused classes?What is most important for your customers to know about your company?Pineapple or no on pizza?A quick thought from Tyler on Hello Hair.You can find Tyler and Sullivan Beauty here:IG: @SullivanBeautyFind more education from SB at: sullivanbeauty.com/eduIG: @ShampooTylerAs always, thank you sincerely for tuning in; you're appreciated.Links and Stuff:Our (weekly) Email ListFind more of our things:InstagramHello Hair Pro Website

This fortnight we cover: The Markets: Fortnightly Wins in our day jobs : ) Silicon Valley Bank – The fallout, what does it really mean? Why Gold remains a questionable investment. Warren Buffets' recent Letter to Shareholders, words of wisdom from the world's most famous investor. Enjoy the latest episode. Link to Buffet's recent letter to shareholders: https://www.berkshirehathaway.com/letters/2022ltr.pdf

Hier geht es zum Video: https://youtu.be/n_YbO4r12Hw Warren Buffet, der beste Investor aller Zeiten. Welche Aktien sind in seinem Portfolio? Was kann man aus seinen Handlungen lernen? Alle Antworten im Video! Viel Spaß beim Anschauen :) Hier geht es zu meinen Lieblings-Brokern: Trading212: Gratis-Aktie im Wert von bis zu 100€ https://www.trading212.com/invite/Hr6Ddcrj Trade Republic: Gratis-Aktie im Wert von bis zu 200€ https://ref.trade.re/8d1tmmbx ING: https://www.ing.de/depotkwk/a/ly3PvUlpqB

Chris From Brooklyn, Bronx Johnny and Chris Stanley discuss AI Image creation sweeping social media, living in the brief window where technology creates a utopia before destroying us, the positive feedback on the boys shrimp farming venture, Warren Buffets insane 21 "life hacks", the Griner for Merchant Of Death trade and so much more!Plus Chris From Brooklyn and Bronx Johnny interview Adult Entertainer Ebony Mystique about working as a nurse during the pandemic, being a celebrity fashion designer, how she got involved in the business while already in the MILF category and so much more!Support Our Sponsors!YoDelta.com - Use promo code GAS for 25% off your order!YoKratom.com - Check out Yo Kratom (the home of the $60 kilo) for all your kratom needs!High Society Radio is 3 native New Yorkers who started from the bottom and didn't raise up much. That's not the point, if you enjoy a sideways view on technology, current events, or just an in depth analysis of action movies from 2006 this is the show for you.Chris Stanley is the on air producer for Bennington on Sirius XM.Bronx Johnny was a fixture on the Ron and Fez Show and is currently shaping the minds of children as an educator.Facebook: https://www.facebook.com/bronx.johnnyChris from Brooklyn is a lifelong street urchin, a former head chef and current retiree.Twitter: https://twitter.com/ChrisFromBklynInstagram: https://www.instagram.com/chrisfrombklyn/Engineer: FrankInstagram: https://www.instagram.com/thewrongfrank/Editor: CoopExecutive Producer: Mike HarringtonBaby Registry: https://www.buybuybaby.com/store/giftregistry/viewregistryguest/552104705?eventType=BabyInstagram: https://www.instagram.com/themharrington/Twitter: https://twitter.com/TheMHarringtonSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In Episode 54 of the Most Awesome Founder Podcast, we returned with the 6th inspiration session with Gerrit McGowan and Dries Faems. Sticking to the format of sharing something they learned, made them think, and made them laugh, Gerrit and Dries discuss the following captivating topics:   -           MBA Students and their effect on work in startups -           In what sense the “cigar butting investment strategy” can be implemented today -           What academic research about entrepreneurship is still missing -           The new OECD innovation policy for Germany -           The issues of digitalization in Germany -           How to boost the productivity of a PhD Student   We hope you enjoy listening to this podcast episode, filled with thought-provoking takeaways, just as much as we did producing it! Sources are listed on our website: www.mostawesomepodcast.com    Chapters   (0:53) Gerrit's introduction (2:55) Something that made Dries learn – “The Lean Startup Approach” & MBA Students (3:51) Gerrit's explanation of “The Lean Startup Approach” (5:12) “The Lean Startup Approach” in practice and research (8:58) MBA students and how they affect the usage of “The Lean Startup Approach” (11:55) How MBA students bloom in a startup (15:00) Extending the research question to different startup industries (18:28) Something that made Gerrit learn – the cigar-butting strategy in investing (24:00) Warren Buffets' philosophy in “cigar butt investing” (27:00) Downsides of “cigar butt investing” (32:03) Does the cigar-butting strategy also work in our increasingly digitalized world? (37:14) Does the cigar-butting strategy also work in startup investments? (38:53) Something that made Dries think – academic research on entrepreneurship (42:41) What are the academic scholars missing on entrepreneurship? (45:39) Is rigor or relevance more important in entrepreneurial academic research? (57:20) Something that made Gerrit think – New OECD innovation policy in Germany 2022 (64:00) Core problem in Germany is the low investment in digitalization (67:00) Is the lack of digitalization in Germany a governmental or cultural problem? (70:36) Something that made Dries laugh – what makes a PhD student productive? (74:46) Graduate students' relationships with professors in EU vs. US (78:12) Something that made Gerrit laugh – PostcardMania reaction to Hurricane Ian (81:26) Wrap up

Listen in podcast app* Earnings Season Has Begun - What to look for* Midterms impact stock returns* Naval On Putin and Ukraine's Nuclear War* How Warren Buffet Spots Trends* When Should You Buy a Car - It's coming and coming quick* Boost Your Business - Canadian Technology Grant* Sports Topics - Tyreek Hill and Pomp on EPL* RecommendationsListen on Apple, Spotify, or Google Podcasts.If you aren't in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

Hour 3 - Every Ralphie at CU apparently has its own nickname. The newest Ralphie(Ralphie VI) just received its new nickname, Ember. Warren Buffet put out a list of tips to fight inflation. BJ is going to start couponing. 

Existing Home Sales Dipped in March, Pending Home Sales also sagged, meanwhile the Fed wants to cool down the real estate market as inflation rises in the US! What should we expect in regards to Real Estate for the immediate future and the rest of 2022? I've got some data showing that the market is getting a little soft, but it's still expanding through 2022. The national association of Realtors released some data that showed pending sales are down along with existing home sales: https://www.nar.realtor/newsroom/existing-home-sales-slip-2-7-in-march https://www.nar.realtor/newsroom/pending-home-sales-sag-1-2-in-march Reuters released a great article about the Housing Market and how the Fed wants to put a stop to the rapid expansion it's had. The Fed is raising rates which in turn will raise mortgage rates because they are closely tied to the 10 Year Treasury Bond. https://finance.yahoo.com/news/fed-wants-cool-u-housing-101551204.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEiDOvm1-t5RScEThmag-acfnpU7orY5N6Mu5_guDFSyd8SxRtqh8nN0prs6ezkwsD3NchpG9BiCLjTxZMq9hUQf9VPAojcfJPc-yWO0ylErBvy4RebqGo6_pumA_Y8LHxkrEYz6i-RDigJfArND6GyT6Ek3mLbtO9CJhtBVRsme The article by Market Watch shows you how what the new norm will be and how the housing market will play out according to these experts through 2022: https://www.marketwatch.com/picks/were-seeing-real-estate-markets-transition-toward-a-new-normal-4-economists-and-real-estate-pros-on-what-to-expect-from-home-prices-short-term-and-longer-term-01651250279?tesla=y Lastly, the article I showed at the end with the opinion piece in the Wall Street Journal showed that investing in Real Estate is amazing for long-term financial growth. This explains that Warren Buffets' strategy for stocks isn't for everyone and real estate is better for the average person. Ihttps://www.wsj.com/articles/home-ownership-buying-down-payment-warren-buffett-folly-11651271030 #housingcrash#Housingcrash2022#Housingbubble #Inflation #RealEstate2022#TristanAhumada

FIRST 30 Minutes Rob Talking About Planned Parenthood Going Out Of Business Sales Putin's Cancer Ukraine Stuff SECOND HALF WITH @TheGuySwann with the Rebuttal to Warren Buffets claims on Bitcoin chillderburg.com/ (MAY 29) robbiethefire.eventbrite.com/ (LA + RENO + FLORIDA) CHICAGO WITH DAVE SMITH Standup: www.eventbrite.com/e/dave-smith-st…ts-322603374377 Podcast: www.eventbrite.com/e/dave-smith-li…ts-322609873817 Sponsors: SheathUnderwear.com (Promo code RYM) Yokratom.com (21+) Yodelta.com (21+) (Promo code RYM) www.gaparomory.com OTHER PROJECTS: Check out my End Of Year Misinformation Spectacular here: www.youtube.com/watch?v=WBpVJTXytf0 + The Black Captain Audioseries: directory.libsyn.com/shows/view/id/theblackcaptain FIND THE CONTENT: Live Comments taken from here: www.youtube.com/c/RunYourMouth Uncensored Archive: odysee.com/@RobbieTheFire:0 comedyRobbiethefire

FIRST 30 Minutes Rob Talking About Planned Parenthood Going Out Of Business Sales Putin's Cancer Ukraine Stuff SECOND HALF WITH @TheGuySwann with the Rebuttal to Warren Buffets claims on Bitcoin chillderburg.com/ (MAY 29) robbiethefire.eventbrite.com/ (LA + RENO + FLORIDA) CHICAGO WITH DAVE SMITH Standup: www.eventbrite.com/e/dave-smith-st…ts-322603374377 Podcast: www.eventbrite.com/e/dave-smith-li…ts-322609873817 Sponsors: SheathUnderwear.com (Promo code RYM) Yokratom.com (21+) Yodelta.com (21+) (Promo code RYM) www.gaparomory.com OTHER PROJECTS: Check out my End Of Year Misinformation Spectacular here: www.youtube.com/watch?v=WBpVJTXytf0 + The Black Captain Audioseries: directory.libsyn.com/shows/view/id/theblackcaptain FIND THE CONTENT: Live Comments taken from here: www.youtube.com/c/RunYourMouth Uncensored Archive: odysee.com/@RobbieTheFire:0 comedyRobbiethefire

Welcome to episode 43 of The Numbers Game. On today's episode, we chat about Warren Buffets' mastery, explain Fringe Benefits Tax, and go through the Trust distribution rule changes. We talk through when you should create a bucket company and Nick's favourite tax minimisation strategy.On this episode, we discuss:Reading The Play:Warren Buffet has done it againSports memorabilia purchase disasterWhite label banksLosing it:Superannuation contribution tax deduction mistake1 Percenters:  Accrual method vs cash accountingFringe Benefits Tax explainedTrust  distribution rule changesWhen should you create a bucket company?Bucket company tax implicationsTax planningSend us an email: hello@thenumbersgamepodcast.com.auThe Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick ReillyJason RobinsonMartin Vidakovic

Tom welcomes Jesse Felder. Jessie is the founder, editor, and publisher of The Felder Report. Jesse explains Warren Buffets' metrics for measuring the size of the overall equity markets. Markets are currently thirty to forty percent higher when compared to that of the Dot.Com bubble. Equities have never been this highly valued relative to the overall economy. Jesse explains how the Hindenberg Omen acts as an indicator for a market top and that a reversal appears likely. The smartest of the smart money appears to be exiting the market. Investors should be relatively cautious. The Fed is looking to reverse monetary policy and that could bring a real risk of a bear market. Investors are overly complacent. Jesse notes that some sectors are completely overlooked and undervalued. Investors are ignoring brick and mortar companies. In a correction, we could begin seeing rotation of funds to these other sectors. When a large correction occurs there will likely be a point where the Fed will intervene. That point is probably when the Fed forecasts direct damage to the economy. A big drop in markets can have quite a psychological impact on spending by the public. Copper acts as a leading indicator for inflation and has been signaling rising inflation for over a year. Should copper stop consolidating and break out to the upside again in a dramatic way would be a clear sign of loss of control by the Fed and of further inflation. Energy is also likely to move higher while creating further inflationary pressure. Fossil fuels are certainly going to be necessary for the foreseeable future. Should the dollar reverse course both energy and gold would likely move much higher. Many energy equities continue to be incredibly cheap. So far the Fed has done nothing in terms of following up on their plans. He says, "For those of us that are willing to put some thought into our trades there exists tremendous opportunity." Lastly, Jesse discusses the value of structural momentum analysis. Time Stamp References:0:00 - Introduction0:36 - Equity Valuations4:14 - Hidenberg Omens8:39 - Fed & Correction11:32 - Complacency & Risk13:49 - Sector Rotation16:40 - Powell Pivot Point18:13 - Wealth Effects20:19 - Dr. Copper & Inflation26:45 - Energy & Input Costs29:35 - Energy & Equities31:32 - Growth To Value?34:40 - Gold & The Fed37:40 - Dollar Strength39:00 - Inflation Hedges44:20 - Michael Oliver49:08 - Sell-Side Discipline51:55 - Wrap Up Talking Points From This Episode Measuring the size and valuations of the equity markets.Equity risks and how will the Fed react.Copper continues to signal further inflation.Momentum analysis and benefits of using sell-side discipline. Guest Links:Twitter: https://twitter.com/jessefelderWebsite: https://thefelderreport.com/Article: https://thefelderreport.com/2022/01/19/dr-copper-will-be-the-feds-arbiter-of-inflation-truth/ Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron's, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.

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Das neue #TES Podcast Format. Hier sprechen wir über die Highlights der letzten Tage. Was spielt sich an den Märkten und in der Wirtschaft gerade ab? Zwischen einem neuen Memecoin Hype und dem Status der "reichsten Person" der Geschichte. Von Kuriositäten bis neuen Erkenntnissen. Wir wollen uns auf die New Economy vorbereiten und die aktuellsten Geschehnisse Revue passieren lassen.ℹ️ Wichtige Links und Möglichkeiten zur Kommunikation:The Economic Side auf Instagram: https://www.instagram.com/theeconomicsideThe Economic Side auf Facebook: https://www.facebook.com/theeconomicsidePodcast Website: https://theeconomicsidepodcast.buzzsprout.com

Warren Buffets 6 Rules Of Investing

This week we have a special guest. Levi Lascsak of YouTube fame with his Living in Dallas Texas Channel is joining us to talk about how you too can use social media to generate leads while you sleep!   Levi and his team doubled down on YouTube about a year ago and already have more than 4,300 subscribers and can directly attribute some $12,000,000 in production to the leads from the YouTube Channel.   He explains his process for us. I wanted to attract business with social media, I knew going into it that I needed to change strategies. I wanted people calling me, I didn't want to door knock or cold call. I looked at FaceBook, Instagram, TikTok, and YouTube.   Once I decided YouTube was it, I took 2 months and learned all I could about it, I read several books, searched the internet and watched YouTube videos - then I put together a business plan. Because basically if you treat youTube like a hobby, it'll pay you like a hobby, but if you treat it like a business it will pay you like a business. So put together a plan, don't just dabble.   I planned out content and filmed the first 10-15 videos before the first one was released. People get stuck, they put out a video or two, life happens, they get stuck in the grind - it happens to all of us. I had a month of content ready to go before we even published the first video, from there I have always been ahead on content creation.   There are two main things that drove to the YouTube decision.    #1 Warren Buffets says you will never be rich till you make money in your sleep. Well that also goes for lead generation. You'll always be stuck in their lead gen unless you generate leads in your sleep, real estate becomes a business if you have a constant lead generation platform going.     #2 It compounds your time … the time you spend creating content is compounded, so if it takes you 2 hours to create your video as soon as it is watched for 2 hours and 1 minute you have a net profit on your time.    Coming up with content is simply looking for what people are searching for. Research the topics people are earthing for, see what is being searched for the most. If you make videos on things you want to do then it will take people a very long time to find you, people aren't searching for agents by name unless they already know you. If you make videos on topics people are searching for you will be found.   Now I know what kinds of videos will resonate with my audience and can make some videos I want, but in the beginning I didn't make a single video that I wanted to make. I made them all based on search results. This is an evergreen strategy, there is always going to be someone new searching.   We built an SEO loop where everything points back to YouTube. Pinterest links to the blog site, that links back to YouTube, Google my business links back to YouTube, everything does it's the ultimate goal.   We are happy to let others know how we have done this. If you go to TheReelAgents.com we'll walk you through our 20 minute video where we'll explain out origin story. When we filmed this the call to action was $100,000 in 100 days because that is what we did! We'll reshoot this at the year mark. There is an option to schedule a call if anyone is interested in partnering.

What can we learn from iconic business leaders? The Steve Jobs', Elon Musks' and Warren Buffets' of the world? In this episode we pull some insights from great leaders we admire: Building a mission people want to be a part of Get comfortable doing more with less. It's amazing what a small team of loyal, dedicated, driven and thoughtful people can do together. Never stop being engaged with what's happening in the field. Inspect what you expect, know what's happening in your business. Thanks for listening! If you enjoy the podcast please be sure to leave a review, follow the show (don't forget to turn on your notifications!) and share with a friend. Your continued support is what makes this mission possible. Thank you sponsors! Xcelerate Restoration Software Xcelerate is an innovative restoration job management solution that brings many of the tools you need to succeed into a single, more intuitive platform. Xcelerate is designed specifically for the restoration contractor industry Increase your operational efficiency Improve your profitability Elevate both your job and team management www.xlrestorationsoftware.com/mrm Actionable Insights (Xactimate and restoration technology training) Actionable Insights is a foundation that exists to preserve the health of the property insurance ecosystem by advancing education and clarifying globally recognized billing standards. value.getinsights.org/FCG Floodlight Consulting Group Equipping restoration business owners to establish processes, develop their teams, increase revenues and grow their profits. MIT/RESTO Mastery Community The MIT/RESTO Mastery Community is designed to empower restoration business owners and key leaders through education, training, coaching and community engagement. Weekly Training Sessions Open Office Hours Expanding Partnerships Of Industry Professionals Customer Segment Leaders Continually-Updated Content Library Rich Non-Market Competing Community https://www.floodlightgrp.com/mit-resto-mastery-cohorts Individualized Operations Consulting and Training The Floodlight team provides customized consulting and training support for restoration companies looking to grow and scale their business. 100% Tailored to each client Formal consulting sessions for owners and key leaders Full one-on-one access to the Floodlight team and their network of industry experts https://www.floodlightgrp.com

Im Interview: Die Kriegsreporterin und Dokumentarfilmerin Düzen Tekkal spricht am Welttag der Pressefreiheit über die Gefahren für Journalisten, weltweit und auch in Deutschland. NRW-CDU und die Nachfolgeregelungen für Armin Laschet - Einordnungen aus unserem Hauptstadt-Team. Unsere Börsenreporterin Sophie Schimansky berichtet von Warren Buffets virtueller Hauptversammlung. Streamingdienst Spotify ist 15 Jahre alt geworden - wir gratulieren mit den drei meistgestreamten Songs.

Die A-Aktie von Berkshire Hathaway hat erstmals die Marke von 400.000 US-Dollar überschritten. Das bedeutet für die teuerste Aktei der Welt ein Plus von 2.105.163 Prozent, seit Warren Buffett 1965 die vollständige Kontrolle übernahm. Welche Aktien derzeit im Depot liegen, welche Einkäufe zuletzt getätigt wurden und warum die Aktienrückkäufe dem Titel guttun verrät Kemal Bagci, BNP Paribas im wöchentlichen Marktgespräch.

Larry Jacobson has been a fan of NVDA for the better part of 6 years. Larry applied Warren Buffets investment philosophy and gave me a target of $350 way back in 2016! Today, he joins me to discuss where he stands on this company as its share price has far eclipsed the $350 mark! We will look at the past, present, and future of Nvidia going forward. Show is live at 2pm PST today!

Warren Buffet is known as a poster child for investment strategies personally and corporately. However his method for success isn’t found in new marketable strategies or short squeezes. His secret sauce is, in fact, not so secret. Listen to Paul and Cory break down his fundamentals in this live episode recorded on March 9th. For full show notes visit: https://sfgway.com/ep201 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. Contains a sample of “King” by Zayde Wølf courtesy of Lyric House. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com 2020 Sound Financial Inc. yourbusinessyourwealth.com Podcast Produced by Greater North Productions LLP

Post-Corona Aussichten führen zu einem starken Börsenstart in die Woche. Sowohl in den deutschen Indizes als auch in den USA und auf der Nikkei in Japan. In Deutschland kommt der DAX immer näher an den All-Time-High, während in den USA Apple wieder steigt, nachdem die Apple Stores nach einem Jahr wieder aufgemacht haben. Wegen aktuell hohem Suchvolumen auf Google sprechen wir heute über das Thema Dividende. Wann und wie oft wird die Dividende fällig, wie wird eine Dividende ausgezahlt und welche Aktie hat die höchste Dividende? Wir finden es für Dich raus. Von Dividenden gehen wir zu dem legendären Unternehmer Warren Buffet und seiner Holding-Company Berkshire Hathaway. Während sein Geschäftspartner Charlie Munger zu einem Rundumschlag gegenüber Tesla und Bitcoin ausgeholt hat, legte die Firma im Letter to Shareholders aktuelle Zahlen offen. Viel Value und solide Aktien, aber es fehlen spektakuläre Zukunftsinvestments. Diesen Podcast der Podstars GmbH (Philipp Westermeyer) vom 02.03.2021, 3:00 Uhr stellt Dir die Trade Republic Bank GmbH zur Verfügung. Die Trade Republic Bank GmbH wird von der Bundesanstalt für Finanzaufsicht beaufsichtigt.

Warren Buffet is on of the worlds richest men , yet he still lives a pretty ordinary life, living the same house for over 50 years. What can we clinic owners learn from the Oracle of Omaha?Listen to Episode 48 of More Practice Profits Podcast to find out.

For many of us, 2020 has been a year to forget, but I don't think we're going to do that easily. I'm confident that we're going to remember 2020 for a long time. I don't know when you're going to listen to this podcast, but it's almost certainly time for me to wish you a happy, healthy, and prosperous 2021 – a much better year ahead. 2020 brought a lot of its challenges to us, but it's actually been a great year for me, my family, and my team, as well as for this podcast and blog. I look forward to continuing this education in 2021, but for today, I want to say thank you for being part of my community, and to share with you 20 lessons I learned in 2020. Michael Yardney's 2020 lessons Each year brings its own set of wins, challenges, and lessons to learn and 2020 was certainly no exception. It's been an extraordinary year. Nobody could have foreseen all that's happened, including the coronavirus, its economic fallout and the way our lives changed. But as we head into 2021, I can't help but reflect on what Australia as a country has accomplished and what I've achieved personally, what I've overcome, and the lessons I want to carry with me into the New Year. Here are my top 20. Expect the unexpected. Every year an unexpected X factor comes out of the blue to undo the best laid plans – sometimes on the upside (like the miracle election result in mid-2019) and sometimes on the downside like Covid19 in 2020. While an X factor seems to come every year, a major Black swan event as some call it, one that “breaks the world”, tends to come every decade. Focus on the long term Strategic investors have a long-term focus and don't change their plans based on what's happening “now”. In fact, they don't buy investments that are working now – they investment in the type of assets that have always worked. Clearly this was the thinking behind Warren Buffets quote “Be fearful went others are greedy and be greedy with others are fearful.” It's the media's job to entertain you – not educate you. Remember… it's media's job to get eyeballs on the advertisers' content, rather than to educate you. Think about it… how many of those expert's forecasts this year came true? But look how many people worried and stressed about the potential outcomes that just didn't occur. Unfortunately, being overwhelmed with misinformation led many people to live in a state of fear and anxiety and caused some to make disastrous investment errors. Take economic forecasts with a grain of salt. If you're reading something frightening in the business section, or hearing it on TV, or learning about it from your neighbour, it's almost certainly too late to act—because the information is already reflected in market – in either the share price or property prices. Don't believe the Doomsayers There will always be somebody wanting to stall the aspirations of their fellow Australians who are looking to take their financial futures in their own hands and do something about it. Don't let them stop you achieving your financial dreams – the doomsayers are always wrong, at least in the long term.  6:  No one really knows what's going to happen to the property markets. As a real estate investor, while it's important to have mentors make sure you're listening to somebody who has not only built their own substantial property portfolio, but someone who has kept their wealth through a number of cycles. There are just too many enthusiastic amateurs out their offering investment advice at present. 7. There is no such thing as the “Australian property market.” There are multiple markets in Australia, and each state is at a particular stage of its own property cycle and within each state there are multiple submarkets depended upon price point, geography and type of property. Don't try and time the markets. Even though they are armed with all the research available in today's information age, economists never seem to agree where our property markets are heading and usually get their forecasts wrong. That's because market movements are far from an exact science. And if you think about it, the top and the bottom of the market are really only one or two days or weeks or months in the cycle. The crowd is usually wrong Market sentiment is a key driver of property cycles and one of the reasons why our markets overreact, overshooting the mark during booms and getting too depressed during slumps. Remember that each property boom sets us up for the next downturn, just as each downturn sets the scene for the next upswing. Property Investment is a game of finance with some houses thrown in the middle If you can only afford to own 2 or 3 properties, make sure they are all “investment grade” properties that are working hard for you. Invest for Capital Growth At Metropole, our 40-year analysis of investment returns shows that properties with higher rental yields generally deliver low overall returns for investors. Our analysis proved that over the medium to long term, properties with lower rental returns (but stronger capital growth) delivered significantly higher overall returns (i.e. capital growth + rental return), while “cash flow properties” with high rental returns delivered lower ones overall. There will always be reasons not to invest Where investors get into trouble is that rather than focusing on their long-term goals, they see these crises as once in a generation events that will alter the course of history, when in reality they are just the normal path of history. Property investment is risky in the short-term, but secure in the long term I found it takes the average property investor around 30 years to become financially independent, but most don't make it because they can't stay the distance in part because they don't have good cash flow management. Many people get into property investment to improve their cash flow position, but if they don't have good money habits to start with taking on more debt only compounds the problems. Plan for the worst and look forward to the best. As a property investor, I protected myself from the challenges that 2020 brought by:- Owning the right assets – investment-grade properties in desirable locations. Having multiple streams of income from a diversified portfolio of residential, commercial, and industrial properties as well as shares. Owning my assets in the correct structures that protected my interests and were tax efficient. Having set up financial cash flow buffers to see me through difficult times. Protecting myself and my assets with adequate insurance policies. There are always risks associated with investing. Don't be afraid of failing, because the biggest risk is not doing anything to protect your financial future. Sometimes negative experiences, mistakes, and failures can be even better than success because they teach you something new which another win could never teach you. Cautious optimism is better for your investment health than perma pessimism. Life is not fair – get used to it. But having said that, optimists are more successful in all areas of life than pessimists, or so-called realists (who are just pessimists in disguise). And this includes the realm of investing. Time is a limited resource – don't waste it. On some level, most of us know that life is short, but 2020 taught us and solidified the fact that we don't get a second chance and the importance of truly appreciating what and who we have in our lives whilst living to the fullest. The only certainty is change Rather than worrying about all the changes occurring, I've learned the concept of having a useful belief about the changes that are happening to me and seeing what good will come from them. The more I feel in control of my life, the more comfortable I feel and the better I perform in all areas of my life. Worry Better Forget the saying “don't worry be happy.” Instead, worry the right way – it's better than not worrying at all. You see…worry can play important role in your life, and it doesn't have to be destructive. This too shall pass. How often do we need to hear the world as we know it is coming to an end before we realize that the world as we know it has not come to an end. Links and Resources: Michael Yardney Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Shownotes plus more here: 20 2020 lessons you don't want to forget Some of our favourite quotes from the show: “If you saw it coming, you'd be prepared for it. But no one was prepared for these X factors.” – Michael Yardney “Strategic investors have got a long-term focus and they don't change their plans on what's happening “now”.” – Michael Yardney “There's nothing new about these doomsayers – they've been peddling the same forecasts for a couple of decades.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

Valutarörelser är svåra att förutspå, men de får stora effekter på allt från ett bolags resultat, till hela länders ekonomi och inte minst ditt sparande. I veckans avsnitt pratar Maria och Ludvig om vad som driver valutakurser, och hur man ska se på konsekvenserna av valutarörelser i sin portfölj. Veckans fråga handlar om hur värde- och tillväxtaktier definieras. Slutligen pratar vi om månadssparande och vad den kraftfulla ränta-på-ränta-effekten betytt för Warren Buffets portfölj. Har du frågor eller förslag på ämnen du vill höra mer om, hör gärna av dig via formuläret: https://wm.danskebank.se/w/show_events.q?p_nId=131&p_vEvent=EVENT00007004

Why do we struggle so much with simplifying our business and personal lives? On this episode, Eric Forney and Michael Bounds discuss how important it is to simplify all areas of our life, and why it can be so hard to do so. They talk about how trying to use your brain as a filing system just leads to anxiety, and better ways to keep track of everything you need to do. They share their experiences in creating processes for their teams to follow, and how they realized that the more complex the process, the harder it is to enforce, and it ends up costing time and money to accomplish it. They talk about Warren Buffets 5-25 rule and how it applies to simplifying your life, and how McDonald's became as big as they are by perfecting a very simple, basic menu.

Today we are going to talk about how we can apply Warren Buffets legendary advice to our lives. As for our Tech Discussion, we will talk the new IPhone 12 Pro and new gimmick feature called Magsafe. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/aksel-rodriguez/message

People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while the BTC price skyrockets 40-80x, says Max Keiser. Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress the Bitcoin price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, the BTC amount for sale will evaporate as governments and institutions will purchase directly from miners. Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.” For complete show notes and for the full premium experience with video, visit our YouTube channel at CryptoNewsAlerts.net

Dr. Dr. Rainer Zitelmann - Podcast Episode #12 - Reich mit Aktien - Warren Buffets Wette

Dr. Dr. Rainer Zitelmann - Podcast Episode #12 - Reich mit Aktien - Warren Buffets Wette

Today we are going to discuss how to really find the most important things you should be doing. As for our tech discussion we will be discussing the war that Samsung and Google are fighting against each other. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/aksel-rodriguez/message

In this episode Luke and I discuss our favourite entrepreneurial books from the last ten years of educating ourselves each in the space. We heavily caveat this episode to say that if you really want to start a business, don't bother reading all or any of these books - better to start actually doing business and get better at that rather than reading the rule book inside and out before getting started. If you are interested in finding out our favourite picks and a summary of what makes them great then this is a good episode for you. If you're too busy and just want the list now, then here it is: 1. Shoe Dog - Phil Knight - The best solo entrepreneur book and a bit of the inspiration behind the title of this podcast, as Phil Knight pretty much embodies the best aspects of an Adventure Capitalist. Top book, more like a movie than an educational book. 2. The Snowball - Warren Buffet. Biography of Warren Buffets journey from selling coke and pepsi tops to buying out companies and stripping out their assets and making the last few bucks having fired the entire workforce. That little guy has got some pretty ruthless stories in the vault, but also tells you how you could see business as a functional capital creating machine rather than people's livelihoods. He's currently the 4th richest person on earth so it's packed with value, he's also very straightforward in his advice in general. If you want to learn the fundamentals of value investing this is a good read. 3. The Personal MBA - Josh Kaufman. This is like a cheat sheet for an entire MBA course, good set of theory and principals for business. Very academic and a little bit dry but Alex read this back to back and got a lot of value from it. 4. Atomic Habits - James Clear. How can you build new productive habits and break bad ones. Worth a read and could spell the difference between building a future you want and shrugging off elements of your personality you'd rather not live with. 5. Critical Business Skills for Success: the Great Courses. (Audible) This is a 36 hour long lecture series and covers everything from Marketing, Strategy, Operations, Finance and Accounting for people wanting to learn the full suite of what it takes to run a business. Honestly, Alex listened to most of this as he was driving to and from work, in hindsight he should have been taking action at this point and not just theorising all day long. (his words)6. 4 Hour Work Week - Tim Ferris. It's a classic, if you haven't read this it's worth a quick read. All about how outsourcing can build the fundamentals for a life without work. He's the ultimate work-life balance guru and it's inspiring stuff. 7. 7 Habits of Highly Effective People. An old one with some still very relevant and good advice. Enjoy. We're brought to you by onthejobmarketing.comIf you're a tradesperson, you need a website and marketing to get more customers. Speak to the people that know your trade and can help with all your marketing needs.

I det 27. afsnit af #Investeringspodcasten tager Hansen og Larsen fat på en række grønne selskaber og stiller spørgsmålet; har de grønne aktier fået boost af den grønne agenda og EU penge? Og kan man i nogle tilfælde snakke om en boble i det grønne tema? Herudover vender de to aktieeksperter også Warren Buffets seneste investeringer og porteføljesammensætning – lige nu udgør en enkelt af aktierne hos Berkshire Hathaway nemlig lige omkring halvdelen af investeringsporteføljen. Specifikke selskaber: NEL, Powercell, NKT, Hartmann, Ørsted, Vestas, Barrick Gold, Wells Fargo, JP Morgan, Bank of America, Apple.

In this episode of Millionaire Mindcast, We have the Dynamic duo back this week and Oh boy is a packed one!. Election is nearing, Apple is innovation streak with its current products are slowing down, Warren Buffets strategies are becoming obsolete and is the Market overvalued? This and so much more in todays episode. Take notes and Enjoy!.  Enter giveaway @ Go.MillionaireMindcast.com Text us at @ 844.447.1555 Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com  

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Treparts podd denna gången, inklusive lite tekniska problem och tre hungriga röster - men häng med i ett nytt härligt avsnitt av Valenciapodden! Vi tar er genom de senaste nyheterna, bland annat vad som är status i Ferran Torres-gate, vi tar en djupdyk nere i Silly Season-grottan med nesto Gidlund och sen har vi en liten lista som får en att tänka på Warren Buffets klassiska citat "Pris är vad du betalar, värde är vad du får". Sist men inte minst blir det uppsnack inför den härliga återstarten av La Liga som inleds med ett Valenciaderbyt mot självaste Levante på Mestalla på fredagkväll - blir det några fontänbad i sommar månne?

Treparts podd denna gången, inklusive lite tekniska problem och tre hungriga röster - men häng med i ett nytt härligt avsnitt av Valenciapodden! Vi tar er genom de senaste nyheterna, bland annat vad som är status i Ferran Torres-gate, vi tar en djupdyk nere i Silly Season-grottan med nesto Gidlund och sen har vi en liten lista som får en att tänka på Warren Buffets klassiska citat "Pris är vad du betalar, värde är vad du får". Sist men inte minst blir det uppsnack inför den härliga återstarten av La Liga som inleds med ett Valenciaderbyt mot självaste Levante på Mestalla på fredagkväll - blir det några fontänbad i sommar månne?

Treparts podd denna gången, inklusive lite tekniska problem och tre hungriga röster - men häng med i ett nytt härligt avsnitt av Valenciapodden! Vi tar er genom de senaste nyheterna, bland annat vad som är status i Ferran Torres-gate, vi tar en djupdyk nere i Silly Season-grottan med nesto Gidlund och sen har vi en liten lista som får en att tänka på Warren Buffets klassiska citat "Pris är vad du betalar, värde är vad du får". Sist men inte minst blir det uppsnack inför den härliga återstarten av La Liga som inleds med ett Valenciaderbyt mot självaste Levante på Mestalla på fredagkväll - blir det några fontänbad i sommar månne?

Die Hauptversammlung von Berkshire Hathaway gleicht jedes Jahr einem religiösen Event samt tausenden von Pilgern. Tobias Kramer, Herausgeber des Zertifikateberaters, war auch dieses Mal (online) mit von der Partie und berichtet von seinen Eindrücken und den aktuellen Einschätzungen von Investmentlegende Warren Buffet – der sich sehr sehr skeptisch zeigte.

In today's episode, I rant on various topics, which include, the differing viewpoints on our possible economic recovery, investment advice from the Warren Buffets of the world, to how our government spends more money on foreign affairs than fighting the problems we continue to face here at home. Hope y'all enjoy. SUBSCRIBE!

In today's episode, we really get into the nitty gritty (great one hit wonder band) about who we would buy, sell, and short if NFL players were stocks. It was actually one of my favorite podcasts to do. We got a bunch of listeners input into this episode. As a podcast I would say we are late bloomers in the podcast game but, "Buy us now, and you will be flying in PJ's in no time."

In dieser Wohlstand Episode: mit nur 10 Regeln von Warren Buffet zum Wohlstand 10 Regeln zum Wohlstand Hamsterkäufe Links zu Dingen, über die ich spreche: - Warren Buffets 10 Regeln Wohlstand zu erlangen Hilf deinen Business Freunden mit Geld besser umgehen zu lernen und ihren monatlichen Umsatz zu steigern.... Wenn du den Panzerknacker Podcast magst, besuche www.panzerknacker-podcast.com, um dich kostenlos anzumelden, und du wirst keine Episode verpassen. Und wenn du den Panzerknacker Podcast wirklich magst, würde ich mich freuen, wenn du es einem Freund weitersagst (vielleicht sogar zwei). Folge mir auch auf Facebook Klick mir ins Gesicht Transcript Weshalb die Ersparnisse in Wahrheit Geld kosten. Heilreise erleben. Schön, dass ihr wieder da seid. Und heute rede ich mal über ein Thema, das ich schon ein paar Mal in manchem Podcast beiläufig thematisiert habe. Aber das ist auch sehr wichtig ist, dass es mal ganz klar eine eigene Episode bekommt. Wohlstand Warren Buffet Zehn Wege, um Wohlstand zu erlangen. Punkt Nummer eins. Investiere deine Profite, denn nur dann kannst du auf dauerhaftes Wachstum und den Zinseszins bauen. Punkt Nummer 2. Sei bereit, anders zu sein. Wer immer nur der Herde hinterher läuft, hat nur ärsche vor sich gegen [00:00:30] die Herde zu laufen, kann manchmal ein wenig einschüchternd und auch verängstigen sein. Wohlstand Aber es zahlt sich letzten Endes aus. Wenn du immer nur das tust, was alle anderen tun, wirst du auch nur das erreichen, was alle anderen erreichen. Punkt Nummer drei Lusche. Nicht am Daumen. Wenn du was Tolles findest, handele. Und warte. Ich sitze nicht da und verharre in Schockstarre. Wohlstand Punkt Nummer 4. [00:01:00] Schreibe jedes détail auf, setz dich hin! Es gibt in Deutsch das Sprichwort Wer schreibt, der bleibt, und das ist auch so gemeint, schreibt er jedes Detail auf, und sei dir über alles, was du herausfinden kannst. Seid ihr darüber bewusst? üBer das Positive und Negative? Punkt Nummer fünf Achte auf deine kleinen Ausgaben. Wohlstand Wir nehmen [00:01:30] diesen Podcast jetzt gerade auf. Im Zeitpunkt der Krise, im Zeitpunkt von Coruna. Und wir haben jetzt, gerade in den letzten zwei Wochen, drei, vier Wochen gelernt, was Hamsterkäufe eigentlich sind. Wohlstand Zwar haben wir das nicht nur gelernt aus dem Fernsehen, wir haben es gelernt am eigenen Leib. Wir gehen echt. Ich meine, wir haben 2020, nicht 1918 oder so. Wir haben 2020, und wir haben geschlossene Grenzen. Wir haben Hamsterkäufe. [00:02:00] Wohlstand Und ja, auch das ist natürlich, wenn du jetzt zuhause Hunderte Rollen Klopapier gehortet hast. Wobei keiner weiß, warum Klopapier auf einmal gelöst hat. Das ist alles Geld, was du jetzt in Aktien stecken können, die ja auch ein bisschen eingebrochen sind, die weiter auf Talfahrt sind. Und diese Aktien? Die haben jetzt ja einen großen Rabatt. Wohlstand Das heißt, man kriegt fürs gleiche [00:02:30] Geld mehr. Wenn du deine kleinen Ausgaben unter Kontrolle hast, dann kannst du auch große Chancen nutzen, wenn es soweit ist. Punkt Nummer sechs limitieren, deine Risiken analysiere. Was ist der worst case, der eintreten könnte? Wohlstand Was ist das Schlimmste, das eintreten könnte? Analysiere das, und dann setze dir ein Limit. Bevor das passiert, bin ich raus. Entschuldigt, [00:03:00] bitte! Das bin ich bereit einzugehen. Wohlstand Also sagen wir mal, wir haben fünf Schritte Worst case Szenario. Punkt Nummer vier nämlich mit. Danach ist Schluss, und danach steige ich aus. Er zuversichtlich Punkt Nr. 7. Wohlstand Warren Buffet sagt. Wenn du beim ersten Versuch nicht erfolgreich [00:03:30] bist. Sei. Wohlstand Steh einfach einmal mehr auf, als dass du auf die Fresse fällst auf gut Deutsch. Punkt Nummer acht haben mir gerade eben bei Punkt Nummer sechs schon gehabt. Wisse, wann du aus steigst, habe einen Ausstiegs Plan und das ist das allerwichtigste. Wohlstand Ich kenn so viel Leute, die in Crypto in Aktien forex investiert sind und die wissen genau, wann sie [00:04:00] einsteigen sollen. Nehme ich jetzt Talfahrt? Also muss man ja jetzt einsteigen. Aber Sie wissen nicht, wieviel Schritten Sie einsteigen sollen, und Sie wissen auch nicht, warum sie einsteigen. Und noch schlimmer ist Sie wissen nicht, wann sie wieder aussteigen. Wohlstand Wenn der Bitcoin auf 1000 Euro fällt, wäre das für dich vielleicht ein Einstieg Signal. Jeder weiß, ich bin gegen Crypto Marketing. Ich bin gegen Crypto Investing für Anfänger für Anfänger. [00:04:30] Wohlstand Wenn der Bitcoin jetzt auf 1000 Euro fällt und du steigst dahin, was machst du dann damit, wenn er auf fünf fällt? Verkauft, sondern in Panik oder nicht? Oder kaufst du nach, hast du dein ganzes Geld aufgebraucht, sondern nur ein Drittel. Wohlstand Wenn der Bitcoin auf 1000 Euro fällt? Du steigst ein, und er steigt auf, und er steigt wieder. Wann wirst du aussteigen? Mit wieviel Prozent Gewinn wirst du zufrieden sein? Ganz wichtig Wisse, wann du aus steigst. [00:05:00] Dann limitierende das Geld, das du dir auch, dass du dir von der Bank holst. Das einzig Akzeptable für mich sind aktuell Kredite für maximal ein Prozent. Du könntest dir rein theoretisch jetzt ein Prozent Kredite leihen und für 6 7 9 Prozent weiter verlangen. Dann natürlich Studenten Darlehen, wenn du so etwas brauchst. Und in vielen Fällen ist ein Auto notwendig. Beim [00:05:30] Auto auch schauen, dass du nicht ein ganzes oder zwei Jahresgehälter in das Auto steckst, sondern maximal zwei, allerhöchstens drei Monatslöhne, wenn du ein gebrauchtes kaufst. Wohlstand Oder du hast die Chance eine. Du hast eine GmbH so wie ich, und kannst auf diese GmbH ein Auto leasen. Damit hast du Fixkosten. Und Fixkosten kannst du auch ganz leicht einrechnen, limitieren. Was du dir boxt, ist Punkt Nummer 9 und [00:06:00] Punkt Nummer 10 von Warren Buffet 10 wegen, um Wohlstand zu erreichen. Wisse, was es wirklich bedeutet. Was ist wirklich Erfolg, Erfolg? Die Frage Möchte ich das du dir selbst beantworten? Das war's auch schon wieder. Morgen kommt ein Interview raus, [00:06:30] morgen wird ein Interview aufgezeichnet. Kommt ein Interview raus. Wohlstand Wir machen ein neues Experiment. Einer meiner engeren Partner hat sich bereit erklärt mit einem seiner. Einer seiner Taktiken, an die öffentlichkeit zu gehen. Womit er seit Jahren viel Geld verdient. Wir werden das einmal nachmachen. Es wird eine kleine Testgruppe geben, und das werden [00:07:00] wir morgen erörtern. Da freue ich mich schon darauf, mal wieder ein neues Projekt, weil mir es ja so langweilig. Ansonsten bitte verfallen nicht in Panik, bitte bleibt gesund. Alles easy. Vielleicht auch mal ein bisschen die Zeit der Ruhe. Danke, dass du mir zugehört hast, und wir haben uns morgen im tollen Interview. Bis dahin sei die Stimme nicht das Echo. Wohlstand Weshalb die Ersparnisse in Wahrheit Geld kosten. Heilreise erleben. Schön, dass ihr wieder da seid. Und heute rede ich mal über ein Thema, das ich schon ein paar Mal in manchem Podcast beiläufig thematisiert habe. Aber das ist auch sehr wichtig ist, dass es mal ganz klar eine eigene Episode bekommt. Rabatte Es geht um folgende Situation Du gehst in ein Lebensmittelgeschäft, du gehst hinein, Klamotten, [00:00:30] Geschäft, oder du gehst in irgendeinen Laden ein Schuhladen, irgendwas, wo du Waren des täglichen Bedarfs bekommst, in den Mediamarkt oder was es nicht alles gibt. Und du gehst mit einem ganz bestimmten Ziel dahin. Wohlstand

ChampLife® Nimm das Leben nicht einfach so wie es kommt. Entwickle dich. Lerne. Werde zum Champ.Diese Podcast Folge gibt die Grundlegenden Infos zum Podcast Ablauf.Falls du mitwirken willst am Podcast, dann schick mir deine Folge auf Telegram: Marc Schultheiß @MarcSch1oder schreib mir auf Instagram: marc.schultheissSo meisterst du Instagram - Mein Instagram Building Podcast: Spotify: https://spoti.fi/38mrbgAITunes: https://apple.co/37s49TXAuch in Video auf YouTube erhältlich: http://bit.ly/324z6vN

Some of the most famous investment advisors out there are involved in Active Fund Management - big name people like Warren Buffett and George Soros. They are famous because they are so successful at actively managing investment funds, regularly beating the averages reflected in the S&P 500, for example. But most active fund management is not that successful - not even close. On this episode, I want to help you understand the difference between active and passive management funds and why the Warren Buffets of the world can perform so incredibly well - and why your manager likely won’t be able to do so. Outline of This Episode [1:23] Our team’s recent move to La Hoya - why and what it’s done for us [2:41] What is an ACTIVE fund (as opposed to a passive fund) [3:41] How many funds actually underperform their benchmark? [5:52] An illustration to explain how news travels faster than managers can handle [10:35] Is it impossible to find a manager who can beat the benchmarks? [13:35] The best course of action for those who are not in the know The difference between active and passive fund management Before we can talk about the reasons active fund managers usually underperform, it’s important to understand first what an active fund is. An active fund is a public or private investment fund where the manager is actively trying to outperform a particular benchmark with his/her investment decisions. Some examples of these benchmarks are the S&P 500, the Russell 2000, and Barclay's Aggregate Bond Index. There are literally thousands of these indexes that make up the entire market. A passive fund, on the other hand, is not actively managed in an attempt to beat those benchmarks. Passive funds simply want to mimic or match what the benchmark indexes are doing, so they are much less hands-on in terms of management. This keeps fees low and allows the manager to take a simple investing approach. Interestingly, this approach does typically outperform active fund approaches. What percentage of active funds underperform? When you hear the difference between an intentional, active management approach and a passive fund approach, it seems unbelievable that active management is the lesser performer of the two. But it is - by a very wide margin.  Over the past 5 years, 82% of actively managed funds have underperformed their benchmark. That represents an abysmal failure of the active management model, in my book. I think there are much better ways to ensure better returns than active fund management. What is driving the underperformance of today’s active fund managers? The reason actively managed funds perform so poorly has to do with what is called information diffusion. To put it simply, it has to do with the rate at which information spreads throughout the marketplace. Given that we use modern technologies commonly in the stock and investment world, information travels faster all the time, which means it becomes more and more difficult for managers to meet benchmarks because the information that would enable them to make good investment choices travels faster than they can keep up with. In actuality, there is an extremely short window within which to capitalize on news that would impact investment decisions.  By comparison, in the mid-80s this was not the case because much more effort and time were required to get the news out about happenings that would impact stock pricing. In those days, fund managers could more easily and readily capitalize on news as needed to bring value (Alpha) to their investors. What can the average manager do to provide value? Buy passive funds If you’re hoping to find the next Warren Buffet to actively manage your investments, it’s not likely you’re going to find that person. New managers may be able to show the proof of having a fabulous year here and there, but without a long term track record to look at, It’s difficult to separate skill from luck. Newer managers don’t usually have access to the high-level connections that make it possible to outperform the indexes. There is clearly a relationship between successful brokers and institutional investors that enables the brokers to leak the info to their select clients who can then take advantage of the news. Instead of taking that approach at all, I recommend fund managers follow passive fund strategies that have proven to outperform active approaches to fund management and to focus on the things that can be controlled on a personal level. Those things would be getting personal budgets in line, saving as much as you can, and planning accordingly. If you find this episode helpful, I’d love to hear about your experience. Please contact me using the contact info at the bottom of the page. Resources & People Mentioned Miramar Marine Corp Station SPIVA report card for 2018 Warren Buffett Stanley Druckenmiller George Soros WHITEPAPER: The Relevance of Broker Networks for Information Diffusion in the Stock Market Connect With Ryan A. Hughes and Bull Oak Capital www.BullOakCapital.com Podcast (at) BullOakCapital.com Subscribe to Solid Financial Advice on the platform of your choice

Idag pratar vi inlärning, vad massan gör och vad du bör göra. Omvänd inlärning är ett verktyg som kommer ifrån Charlie Munger, Warren Buffets business partner. Idag lär du dig hur du kan skapa en vinnande plan genom att planera för worst case scenario. Reverse learning Omvänd inlärning Skapa en plan Agera för att vinna Lär dig trading med marknadens bästa traders, www.daytradingskolan.se Traderkanalen PODCAST, en del av DTS. www.traderkanalen.se

In this episode, we're going to talk about Facebook's new Libra cryptocurrency in 2019 & why you need to understand it. Let's learn together about what the Libra currency will do and why we should know about it. Facebook has launched a new cryptocurrency Libra. It is a new blockchain and new innovation. TIME-STAMPED SHOW NOTES[01:10] Today’s Topic: Facebook Libra - the what, the when, the how, the why [01:18] What is Libra? [01:31] What differentiates Libra from every other cryptocurrency out there? [02:33] Facebook won’t be the only organization that runs Libra. [03:50] The Facebook Libra Reserve [04:30] What separates Libra from Bitcoin [06:05] Libra is not completely decentralized [06:42] App developers on Libra won’t be monitored? [07:24] Why - Facebook Libra was made to combat high fees charged by credit card companies [09:02] Will Facebook Libra be shut down? [09:58] A company having its own cryptocurrency makes it like a country? [11:20] The traditional banks, the Warren Buffets might put up a fight against Facebook Libra [11:58] Facebook has been a part of a major breach of our personal data [12:27] Cambridge Analytica scandal - did Cambridge Analytica do something wrong? [13:00] If someone on your friends list signs up for a test on Facebook, they now have your information without your consent [14:30] Data law is now a whole thing [15:13] Calibra - How is the data going to be privatised? [16:47] The stance that Libra could be damaging to the US dollar [17:14] Libra will soon be in full effect [17:42] What’s going to happen five or ten years from now after Libra goes into full effect? [18:25] Essentially, what they’re going to do is get rid of everybody using credit cards. [19:26] Paypal’s a member of Facebook’s Libra [19:43] Elon Musk’s approach to money [20:30] I’m not the biggest fan of Steve Jobs. [20:58] If you have any questions, please email me at admin@inpennystock.com __________________ To get access to the free webinar training on “How to Become a Six Figure Trader in 3 Months”, please text the word STOCKS to 44222 to get immediate access. To learn more, check out www.inpennystock.com/membership-signup ASAP as there is a huge 50% discount deal where you can get access to our whole VIP Penny Stock Trading Academy! To get more In Penny Stock content sent directly to your device as they become available, you can subscribe on iTunes or Stitcher! And lastly, if you have any questions (or would like answers to previously submitted voicemail questions!), head on over to www.inpennystock.com! In addition, for a limited time, we have more openings for the InPennyStock VIP Executive Coaching Program where you get direct 1-on-1 penny stock trading strategy plans. If you’re interested, email admin@inpennystock.com today. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we're going to talk about Facebook's new Libra cryptocurrency in 2019 & why you need to understand it. Let's learn together about what the Libra currency will do and why we should know about it. Facebook has launched a new cryptocurrency Libra. It is a new blockchain and new innovation. TIME-STAMPED SHOW NOTES[01:10] Today’s Topic: Facebook Libra - the what, the when, the how, the why [01:18] What is Libra? [01:31] What differentiates Libra from every other cryptocurrency out there? [02:33] Facebook won’t be the only organization that runs Libra. [03:50] The Facebook Libra Reserve [04:30] What separates Libra from Bitcoin [06:05] Libra is not completely decentralized [06:42] App developers on Libra won’t be monitored? [07:24] Why - Facebook Libra was made to combat high fees charged by credit card companies [09:02] Will Facebook Libra be shut down? [09:58] A company having its own cryptocurrency makes it like a country? [11:20] The traditional banks, the Warren Buffets might put up a fight against Facebook Libra [11:58] Facebook has been a part of a major breach of our personal data [12:27] Cambridge Analytica scandal - did Cambridge Analytica do something wrong? [13:00] If someone on your friends list signs up for a test on Facebook, they now have your information without your consent [14:30] Data law is now a whole thing [15:13] Calibra - How is the data going to be privatised? [16:47] The stance that Libra could be damaging to the US dollar [17:14] Libra will soon be in full effect [17:42] What’s going to happen five or ten years from now after Libra goes into full effect? [18:25] Essentially, what they’re going to do is get rid of everybody using credit cards. [19:26] Paypal’s a member of Facebook’s Libra [19:43] Elon Musk’s approach to money [20:30] I’m not the biggest fan of Steve Jobs. [20:58] If you have any questions, please email me at admin@inpennystock.com __________________ To get access to the free webinar training on “How to Become a Six Figure Trader in 3 Months”, please text the word STOCKS to 44222 to get immediate access. To learn more, check out www.inpennystock.com/membership-signup ASAP as there is a huge 50% discount deal where you can get access to our whole VIP Penny Stock Trading Academy! To get more In Penny Stock content sent directly to your device as they become available, you can subscribe on iTunes or Stitcher! And lastly, if you have any questions (or would like answers to previously submitted voicemail questions!), head on over to www.inpennystock.com! In addition, for a limited time, we have more openings for the InPennyStock VIP Executive Coaching Program where you get direct 1-on-1 penny stock trading strategy plans. If you’re interested, email admin@inpennystock.com today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Warren Buffet is the greatest investor of our generation. But most people dont know is he is a BETTER entrepreneur. This Video will break down how to step by step make BILLIONS like warren buffet..... naa im playing, I will probably just just say some uneducated opinions on how ridiculous the amount of money he has made. IG @TheUneducatedInvestor -https://www.instagram.com/theuneducatedinvestor The Secrets to Warren Buffets a ability to generate wealth through passive income can be seen in his early years of investing, Jobs and Business. When Buffet was younger he would scavenge the floor of the local race track for winning tickets, collected and sold used golf balls, organized by brand and price Sold sold peanuts and popcorn at University of Omaha football games $120 by age 11 invested in first stock At 12 years old he Created a tip sheet for the horse race track based on math helped out his grandfather at his shop on weekends At 13 Delivered newspapers for the washington post. Later he expanded his route and delivered competors papers to the same houses. WIth this strategy he was making more than his teachers Are you seeing how much of a true BUSINESS man he is ;) LIKE and SUBSCRIBE if you enjoyed the video :) https://www.cnbc.com/2018/01/17/these-childhood-hobbies-may-have-helped-warren-buffett-become-a-billionaire.html LIKE and SUBSCRIBE if you enjoyed the video :) Quick Channel Summary Hey I'm @Flystewie

This interview will cover the following with Tim Draper, How/when he was introduced to Bitcoin Silk Road Auction experience, what sealed the deal on the purchase How he knew Bitcoin would hold economic value years before the markets had it Thoughts on Libra Coin and Facebooks position in the space Regulators, Old regulations for modern times and why regulators are moving slow in the space to accepting crypto Justin Wu and Warren Buffets lunch, why Warren doesn't feel strongly towards crypto --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/tradeu/support

Dagens avsnitt tar upp elva läsarfrågor av de läsarfrågor vi fick in till avsnitt #100 som vi inte fick möjlighet att besvara. Det är allt från hur vi ställer oss till peer-to-peer-utlåning typ Savelend/Lendify, till solpaneler på taket, hur man kan tänka som låginkomsttagare, resonemang kring fyra hinkarna och annat smått och gott. Grov innehållsförteckning som kan diffa lite på grund av efterbearbetning. 00:04:02 - Ska man ha en annan strategi i början av sparandet? 00:07:12 - Det du inte vet om Warren Buffets strategi 00:10:58 - Företagsaktiespararprogram, bra eller dåligt? 00:15:10 - PPM och sjunde AP-fonden 00:16:38 - Komplettera med annat sparande för din pension 00:19:55 - Bäst pensionssparande för låginkomsttagare 00:22:29 - Snabbt och enkelt att komma igång idag 00:26:37 - Fråga angående peer-to-peer lending 00:30:08 - Allt i den aktiva hinken kan bli värt noll 00:32:07 - Låna ut pengar till företag med factoring 00:34:44 - Är det bra att investera i solceller? 00:39:21 - Kaos med boendet i fyra-hinkar-principen 00:41:24 - Andra kreativa hink-lösningar för boendet 00:44:10 - Ombalansering i portföljen inför pensionen 00:46:43 - Vad skulle hända om alla investerade enligt index? 00:49:07 - Det finns fler index än det finns aktier 00:51:22 - Hur kommer börsen att förändras av fondrobotarna? 00:53:35 - Hur ställer ni er till REITs (Real Estate Investment Trust)? 00:57:05 - Hur ser Bolmesons aktiva hink ut? 01:02:45 - Information om kommande avsnitt

What the Fail returns for its second installment, cadets, because wherever there’s some wool, there’s Facebook and Google trying to pull it over our eyes. Carriers get sued for selling your location data, YouTube and Google haven’t attracted that many paid subscribers to their music services, and Mike and Charles take a closer look at the Pixel 3a and find it wanting — even for a midrange smartphone. Intel gets to 10nm a mere three years late, Apple Watch wins Display of the Year, and we’re starting to get credible reports ahead of next month’s WWDC. Like Microsoft on Macs, we’re living on the Edge (browser)! The LG 5K display they co-developed with Apple appears to be gone (ahead of a possible new Apple-made display), Iceland gets even cooler, parental-control app makers push back, and our co-captains even go where only the Hammercast has gone before: actual gaming news! All this plus unlikely rumors, a lawsuit dismissed, Warren Buffets gets his own iOS game, Sir Jony Ive meets up with Stephen Fry next month, BMW’s subscription CarPlay turns out to win the coveted Fail of the Week award! The dimensional stabilizer must be on the fritz, cadets, so grab your Normalacy Necktie and wrap it tight — it’s Mr. Toad’s Wild Ride up on the command deck!

Despite our lack of understanding of what Defamation actually is we hold court to settle a dispute between Mike Harington and Alex from Broad Topix. From there we have 2 call-ins from Guests looking to expose the tyranny of Government. They offer tips on how to get free ambulance rides. Paying less for your healthcare. Getting good insurance in Tennesse and more. Not a ton of news in this but we do breakdown a video of a Nazi getting egged and Warren Buffets eating habits. Thanks to @iamAlexScar + @BongRipsTheBook + @TheMHarrington

Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without BordersOur 2 Cents – Episode #012Warren Buffets One Sentence Advice, Pritzker’s Toilets & Taxes and Retiring Without Borders!On this week’s podcast, we discuss Warren Buffett’s latest advice; “…Never listen to people like me…” and why time spent in the market is more important than trying to time the market.Governor Pritzker is currently under federal investigation for property tax fraud at his personal mansion in the Gold Coast…that didn’t take long, Illinois!We also discuss some of the most exotic and best weather spots to retire all around the world and whether it’s really worth the move. Tune In Now!Here’s what was covered in this episode: Is the Worst Over yet for Apple & iPhone? (CNN)Warren Buffets 1-Sentence Advice for Investing (Yahoo Finance)Should you invest in Real Estate in Retirement? (CNN)JB Pritzker Accused of Property Tax Appeals Fraud (WBEZ 91.5 Chicago)The Countries With the Best Weather For Retiring Internationally (CNBC)Tune in now to join us for this discussion!

"HOW TO CREATE WEALTH OFF YOUR FARM AND GENERATE MONEY WHILST YOU SLEEP”  “Don’t work for money, make it work for you” – Robert Kiyosaki   Transcription:   Andrew: Welcome to this podcast and we have a special guest on here today, Terry Tran. I want to firstly make sure you can hear me okay Terry?   Terry: I can Andrew.   Andrew: Welcome mate. Thank you very much for coming on board the ‘Profitable Farmer Podcast’, sharing your story and educating our farmers about investing and creating freedom and wealth off their farm.  Terry, let's just take a step back. I'd love to share with everyone how you and I met. I was trying to contemplate our first meeting. When was it? I think it was on a webinar that I ran? Would that be a fair assumption?   Terry: The very first time we met probably was on a webinar, because at that time, I know you were teaching people how to run webinars. You are my mentor on how to utilise the webinar platform, and over time I also attended a couple of the business live seminars. This is going back, probably almost…   Andrew: Several years.   Terry: Yes, many years. At least over five, six, seven years ago now. It was actually awesome. You were mentoring me on how to create a profitable business, from the business point of view.   Andrew: Yes, isn't it funny? Because I know you were at one of our events and you spoke about what you do. Something about it Terry, really piqued my interest. I remember many years ago I thought “We've just got to get Terry in front of business owners”. Because as a business we work so hard, right? We work so hard for our money and I think we forget that we need to turn around and get our money working hard for us. I remember Terry, I was teaching you a system on how to run a business and you said, "Look, this is what I do. I just have a system to help people create wealth."   Let's just personally talk a little bit about your background. How did you get into trading shares? Why shares? And obviously, your business ‘Freedom Trader’.   Terry: Sure. My background is I came from corporate years ago. I was doing the 70-80-hour weeks and over time, my health deteriorated. I was with one of the big four banks. I was going up the ranks, promotion after promotion, so that was fine. But 5½ years in, one day going out to lunch, I literally blacked out at the top of a staircase. This is in Sydney. I rolled down two flights of stairs and ended up in the hospital. I realised that doing the 80-hour weeks wasn't sustainable long term. I was working hard for my money, getting my promotions, but I needed something else that could give me the freedom. Because I didn’t have any, I was not really having the family life I wanted. I thought "Okay, let's have a change. Let's see if I can give this a go”.     I was always interested in investing but didn't know where to start, so I attended seminars to learn as much as I could. The first 2 years actually I didn't do well at all. I basically lost quite a fair bit of money, because I attended the wrong seminars, people who were teaching for a living rather than doing for a living. It wasn't until I went out and sought the best fund managers around the country and learnt from them, the Warren Buffets of the world, a lot of the Australian fund managers that do very well and have great track records. Really learning from them and realising the mistakes I made and from there I slowly retrained myself and started again.   Once I became quite successful on my own, I thought, "Okay, why not now help other people by managing their money?". I went out there and I raised capital quite quickly. I was running the fund very similar to Berkshire Hathaway, Warren Buffett's company, where I wanted to be fair, where I don't charge any management fees. I'll just charge based on profits, and I'll be the largest fund holder of the fund as well. Therefore, we have our interests aligned and it just grew from there. Literally, it's been about 15 years now and a good track record.   Then about three years ago, I decided to teach what I do to help people, especially in Australia. I thought people might be interested to learn how to invest safely, just like a fund manager. Where the first and foremost priority is protecting the capital you have, and once you’ve protected it, how do you then grow it?  At all times, you basically minimise the risk to almost zero. Then grow the wealth from that foundation. Too many people come to markets and they lose what they have. I didn't want that to happen.   Andrew: I'm a client of Terry's. He was working as a client of mine and it switched and I'm now learning Terry's Freedom Trader system. It's interesting Terry, because if somebody says you should be buying, for example, Apple, I’d assume "Right, I'm going to have to get a big chunk of money that I've worked hard for and put it into Apple”, It's almost a bit of impatience or risky. I know that’s a component that I've really learnt from working with you, that that's quite risky.   Terry: Yes, it is.   Andrew: Putting too much money into one stock is risky so you've completely changed the rules. You've changed how I go about trading and investing. Not just in shares, you've also opened me up to investing in property as well. Let's just talk a little bit about this Terry. How easy is it for farmers to get really caught up in working hard for their money and not really thinking about "Well you can learn these skills to get your money working for you"?   Terry: Yes, that's correct. I learnt that from the corporate life and now also seeing many businesses, especially hardworking farmers that slave away so many hours a day, at least 10-12 hours a day on their farms. Yes, you are working hard for the money but why not take the profits that you make from the farm, put that to work and allow the cashflow to accumulate and grow a portfolio that will sustain you long term as well?   For me, I actually see investing as very similar to farming, it’s literally like a seed. The job is to find a great seed, plant it and then allow time for it to do its thing, water it, prune out anything that's bad and then allow that plant to slowly grow and then at the end you harvest it. It's all about patience, yes.   Andrew: Yes, it's a great metaphor. I just want to talk about working really hard for your money. Something that was taught to me many years ago is that ‘people who just buy stuff, end up with stuff all’.  It's interesting because a farmer might do well in a year so go and buy a new ute or a nice holiday, for example, which is fine. However, one of the great paradigm shifts that I had many years ago, which you've just amplified since learning from you, is this concept of using your profits to create wealth and then buy your stuff from the returns of that wealth. It's such a powerful thing and that's one component. Building wealth outside the farm.   I know that you've previously worked with farmers and you've got this big mission to help a farmer mitigate risk, correct? Because a farmer is so weather dependent that really if they learn to create money outside of their business, then this is a massive risk mitigation strategy. Can we talk a little bit more about that, aligned with your mission and the importance of creating wealth outside of your business?   Terry: Definitely. Like you said I've got a number of farmers that I teach now. Just from talking to them I realised there are 3 core risk components:   The 1st risk is definitely the weather.  Currently of course, you hear about the drought. Potentially from time to time there's flooding as well. From one year to the next you have no idea what the weather will be. That can wipe out a farmer's financial stability in one go.   The 2nd risk is fluctuating commodity prices. I know a lot of farmers lock in their potential prices for the future in case it drops. This also happens with supply and demand for the crops.   Then the 3rd risk is the big grocery chains squeezing the farmers, especially on the food stuff.   For a farm to carve out a profit with all those three risks, it's actually quite dangerous. Why not mitigate that risk and slowly build up a portfolio on the side? Eventually, that grows to a certain size that the farmer, plus their family is always safe no matter what happens on the farm. That’s now what I see as my mission; I really want to help these hard-working farmers, make sure that they build this portfolio so going forward whatever the weather, whatever the commodity prices, whatever Woolies or Coles throws at them it doesn't matter, that portfolio can now sustain them.  In good times, both do well, great! But in bad times on the farm, this portfolio will always look after them. That's my mission now.   Andrew: It's such a great mission. Just for a moment, I want our listeners to imagine waking up in 10 years, imagine returning more money than what you can return off your farm. What you do, Terry, is help all of us, myself included, substitute our income. Not only that, substitute our income whilst working significantly less because I'm putting my money into companies where everyone else is doing the hard work.  Additionally, I'm putting my money into successful companies and leveraging that. It's just such a brilliant thing you do.   Now, I want to talk about your results. Because you have achieved a return that's been greater than 20% per year on average over the last 15 years. Is that a fair call?   Terry: Yes, correct. We've been doing about 22.5% per year.   Andrew: 22.5% on average. Now, I just want to put this into context a little bit, Terry, you took, I think, $30,000?   Terry: Yes, from $30,000 after about six months, I thought "Okay, this system works now" so I added an extra $20,000 so it ended up being a $50,000 account.   Andrew: Okay. Let's hypothetically say a farmer has $50,000. They might not have that available in cash but they might be able to borrow it as equity against their farm. A lot of farmers actually have what I call 'lazy equity'; they're not using leverage well enough. Let's, for example, take $50,000 and compound that at your average 22.5% return Terry. I think you showed us 15 years later… what was the money in the account?   Terry: That one account ended up being about $1.5million.   Andrew: One and a half million dollars.   Terry: Yes. That was at 22%. We withdrew about half a million to pay taxes and also, obviously living as well. Basically, the seed that I planted 15 years ago slowly and consistently grew and over time we harvested $1.5million.   Andrew: It's extraordinary Terry. That is the power of this compounding effect.   Terry: Correct.   Andrew: Now, I'm probably putting you on the spot here, but I'll test your mathematical brain. The difference between compounding at 10% versus 20%, just approximately, what's that worth in 15 years?   Terry: Massive. For example, a lot of people think if you go for 7% but you actually do 20% or 21% that it's triple the return at the end. But over a long period of 20 years, in actual fact, it's not triple the return, your end result is about 20, just over 20 times the return, so that’s a massive difference.   Say hypothetically, a $50,000 account compounded at that 20% mark, by year 17, that $50,000 is now worth over a million dollars. It's about 1.1 million. It's logarithmic.  Next year, it's no longer $10,000 that you began with per year. It's now $200,000 a year. In actual fact, by the year 17, say you get to a million. All it takes now is three and a half more years from that one million to now double itself to $2million.   It took 17 years to grow to a million dollars from 50 grand but now, only an extra three years to take it to $2million. Another three years to double that again to $4million. This compounding effect is very powerful… That's why Einstein quoted it as the 8th Wonder of the World. Because it just grows logarithmically. Time allows us to grow things. Also, this is why I always say, don't procrastinate and don't wait.  Start, no matter how small, just start and let that seed slowly grow. You'll be surprised at the end result.   Andrew: I'm going to ask the direct question Terry; how do you get 20% returns? If you could offer three lessons from what you've learnt from this share trading. I know that I'm putting you on the spot, but what would be some great tips that you could offer to start getting returns up there?   Terry: The first thing is definitely having a systematic approach. Systematic means that it has to have what they call a positive edge. Every time you put a dollar in, you know systematically what type of average return you'll be able to take out. For example, we've got 10 criteria's and just utilising those 10 fundamental criteria's of being able to methodically select the companies based on the criteria's, you'll literally wipe out 99% of the listed stocks or investments around the planet.   Just imagine, using the 10 criteria's, only 1% actually passed all 10 criteria's, only 1%. Then that makes our job quite easy. There are so many thousands of companies around the world but because only 1% pass, our universe now shrinks to only the best of the best companies that grow year in, year out. The Microsoft's, the Google's, the Facebook's, they get selected and then only invest in those long term. Once you've invested in them, of course, you need time.   I think the second lesson will probably be patience to allow it to do its thing and not rush it.   Then the third lesson would probably be temperament. Being unemotional about it. You're almost robotic where you know when to buy, you know what to buy, take the action, buy it, allow time and when you make a profit, there's no need to be ecstatic about it. When you make a small loss, it's also no need to be depressed about it. The day goes on and you just go about your activities. Go about basically looking after the land on the farm and going about your day, simple as that.   Andrew: Follow the system. We teach this in business. In Farm Owners Academy we call it the 'TOP Producers Program' and when a farmer follows it and doesn't muck with it, then they get the returns and they get the success.   Terry: Correct.   Andrew: What you've done is you've created a system that when implemented and followed, you get high returns.   Terry: Another thing I want to say Andrew, this is why farmers are so good at investing, because they straightaway already have the patience. The farmers know it's a patience game when they plant the crops, and they allow time to do its thing. That's already a great trait, automatically, all farmers have it. Another is the following a system part.    We've got a number of farmers on our program and I look at their results and I'm wondering why is it that the farmers do so well? It's because they follow the system and they've got the patience which a lot of city folks don't.   Andrew: In addition to that, Terry, and this is a generalisation but I would say that farmers are so good at working in isolation. They are so good at being focused, they've got the logical mindset to implement and follow a system: step one, step two step three. I just think with that mindset, they have a much higher chance of succeeding with this.   Terry: I can’t agree more.   Andrew: Yes, it's very cool. You mentioned a couple of stocks before Microsoft, Apple etc.   Terry: Yes.   Andrew: I couldn't help but notice they're US stocks and this has been a big eyeopener for me, Terry. Coming into your program and having no idea how to buy a share on the US stock market. I can’t believe how simple it is to do this. Let's just talk a little bit more about the US stocks versus Australian and why you primarily trade in the US markets?   Terry: I migrated to the US in the stock point of view well over a decade ago. The reason being is if you look around Australia, first of all, we are very tiny in terms of the economy, less than 2% of the global economy. In terms of the actual number of companies, you can easily count on one hand the Australian companies that have been able to operate in Australia well but also go overseas and grow. Most companies that need to grow do need to go global. A lot of our companies like Telstra, ANZ, they've gone overseas, lost a bunch of money, they’ve come back.   There are very few Australian companies that actually make it globally, for example, Cochlear or CSL. Most of them actually fail and come back. The US, however, it just opens you to a massive amount of opportunities with all the global companies. I mean, just think about it. Day to day what services and what products do we use right now that you think is only Australian. There’s not many. Every day we turn on a computer and we do our searches on Google, we use Microsoft or Apple as an operating system. Then you go on to the supermarket and you buy say baby powder or whatever - Johnson & Johnson. These are the global companies that are all listed in America.   That's the main reason as most of the great companies are there. The other reason is in terms of available data. The US market is very transparent. You can easily see all the data that's available for free, whilst in Australia, you actually have to pay for it. It's cheaper just operating in the US markets and even brokerage, for example, is literally a small account, it's a dollar to start buying your shares versus if you were to use some of the major brokers in Australia.  To go overseas it costs you $30 to $70 per trade whereas in the US you can pay $1. You're literally paying a fraction of it.   This is why I don't even care about my brokerage I pay anymore because it’s just a dollar or two versus what I used to pay, in the hundreds and thousands every single year.   Andrew: Yes, it's opened my eyes and the advice you gave me Terry, to "start owning the companies you're consuming”. It blew me away! I think that particular day I was on Google, I was using Facebook with Microsoft open on the side. Thinking also about buying a book off Amazon.   All of a sudden, I'm like "These companies are mega companies compared to what we're doing in Australia”. I wish that we had more ability to grow companies like they can in the States. Of course, I want to be part of these companies and not only that, Terry, they've got cash enabling them to acquire the next big companies. They’ve got big growth plans.   Terry: Yes, correct. Just look at Apple, for example. Apple itself, as it currently stands, has got about $250billion in cash sitting in the bank. With that cash, they could literally come into our country and easily acquire two of our major banks and have spare change. You can imagine the size of their cash position, not including the business itself, which is basically a trillion-dollar company now.   Even from the risk mitigation point of view, with these major companies, you can’t see them really having a major problem.  In other words, going bust, because of their size and their dominance in the industry.  Just from the safety aspect, investing in these global giants is actually safer compared to investing in the smaller Australian companies.   Andrew: Yes. There's one more thing I want to talk about which really annoyed me when I first learned it from you, if I’m being really honest. The reason it annoyed me is I am a bit of a risk-taker; I think all business owners are to some degree. There's a bit of risk in buying a farm or there's a bit of risk starting a company because it could go wrong and you’ve put so much effort into one thing.   When I first started your program, I thought “Right! here I am with some money and I want to put the whole lot into, for example, Apple and Facebook” but you taught me about ‘Position Size’ – investing small percentages, for example, 2-5% of your entire portfolio. You also teach, “follow a company, wait for some negative news to hit and then buy some stock”.  It was really annoying at first but I'm so grateful for it now. Can you talk a little bit more about position size, what that means, and why that's so important in investing?   Terry: ‘Position Size’ is just one of my five risk mitigation strategies; no matter how good or how excited you are about the company, we only invest 1-1.5%. People ask “how can you make money from only putting 1-1.5% of your account into that one stock?”   Andrew: Sorry to interrupt. Just put that into context. If you have $100,000 you'll literally only buy $1,000 worth of shares.  So, you’ll own 90-odd stocks.   Terry: People say "Oh, that means you're going to have potentially a lot of stocks" but that's not true because when you buy the 1% in that stock sometimes you might get lucky and it spikes straight away, you make your money and away we go.   Sometimes it has further drops and this is why we position size; you never know, even great companies still have bad times. If it drops further, we actually want to buy more so we don't mind stocks dropping. It's like going shopping and you see groceries on sale. It's great, things we know we need and we know we want, now it's gone down a little bit more, we’ll buy more of it.   You're slowly building up that portfolio with that one stock. We take multiple positions in that one stock and when we get to about 3-5% we stop on that one and now we’re happy. Then we move on to another company that we want to acquire.   Andrew: You mention selecting position size but also learning to value a company. Let’s just put this into context with farming for a moment. I want you to imagine that you know the value of some land to be $2000/acre. All of a sudden your neighbour rings you to say “We really want to sell. We're desperate. We're going to sell it to you at $1,000/acre”. You see this opportunity and you're like, “Wow, I need to buy this”.  Terry, this is essentially what you do.   You taught me to value a company and then have the patience to wait for the news or media to create a push down on that product/business, that’s when I can say “Hang on this business is valuable. This is a no-brainer. This business is doing very well based on your criteria. This is a top 1% business, it's just undervalued right now”.   That's the game-changer, when you understand that you’re just having patience to buy undervalued companies that have potential big upside.   Terry: Yes. Correct. The example you use is perfect. You know the value of the land is $2,000/acre. If someone offers you it for $3000/acre you wouldn't buy it because now its over-value. Yes, you might have cash in the bank, but why would you even think about buying it? Normally, rationally, we wouldn't, but a lot of people do that in the stock market. They get excited about a company's prospects and they overpay for it. Whereas our job is to wait for that neighbour to finally want to sell the land for $1000 then we go "Okay, if it's worth $2000 and they are selling for a $1000, we'll take it." No different to buying stocks that's listed or a company.   We know what something is worth and then we patiently wait for the value to drop, which it will, it's eventual and when there is some negative news or bad press we know it's only temporary and it's still a great business, that's when we go in and we buy it undervalue. By doing that, not only will you make more money but in actual fact you are taking much less risk.   Andrew: Just to summarise what we've spoken about so far Terry, investing is a risk mitigation strategy. Respect the power of compounding over a 15-20 year period and respect the difference between a 10% return and a 20% return, it's significant. Respect the US market and understand there are big companies over there to invest in. Respect position size. Learn how to value a company and buy it when it's undervalued.   Now, is there one last tip or advice you could share with our farmers, Terry?   Terry: One last tip is definitely starting that investment strategy, no matter how small. The reason being, without starting it you'll always be subject to the risks we spoke about; weather dependent, commodity price dependent, grocery store dependent and we want to get rid of those risks. Therefore, it might take time, but at least start the process, no matter how small because that seed will grow to become the oak tree that one day you are going to relax under.   Andrew: Yes, that's great mate. How can our listeners learn more about Freedom Trader and what you do, Terry?   Terry: Usually, like you Andrew, we hold live online webinars or classes.   Andrew: Yes, come along to our webinar. I'll put the details below this. Is that the best way for people to come and learn more?   Terry: Yes, or they can contact me via email but I think to learn more I’d recommend the webinar because it's 90-minutes of pure gold education.  It literally allows you to put everything we spoke about today into action. That 90-minutes is definitely worth the time.  You can register at www.thefreedomtrader.com/farmwealth and I really look forward to being able to help the farmers on a big level as well.   Andrew: I really appreciate your time today. You're gifted at what you do, you're passionate about what you do. Putting it into context as closing thoughts, Terry is able to get a higher return than the likes of Warren Buffet. I remember when I asked you how, you just said because you're moving such smaller money but you implement what these top people do Terry. You study them. You study more than anyone I know in this space. I feel like I'm sitting next to Warren Buffet.   Terry: Thank you.   Andrew: That's what it feels like for me having access to your teachings. I think what you are doing is amazing and I appreciate your time today. Thank you so much Terry.   Terry: No, thanks Andrew for having me.   Andrew: Thank you, take care.   Terry: You too.

The Financial Gladiator shares Warren Buffets attitude towards debt. Never go into debt especially when you are young. He discusses the opportunity cost of having debt and warns against the banking system. The post Avoid the Debt Trap appeared first on Financial Gladiator.

On this episode of Common Sense Investing we take a look at Warren Buffets letter to Berkshire Hathaway's shareholder. We also discuss how Olympians focus on their core and investor should do the same.

On this episode of Common Sense Investing we take a look at Warren Buffets letter to Berkshire Hathaway's shareholder. We also discuss how Olympians focus on their core and investor should do the same.

Behaviours that kill your investments: Do you suffer from these? Sitting wondering where the year has gone and that you are no wealthier for it? Or what has happened with your financial goals of building wealth? It’s time to sit down, take 20 minutes and think about if you may be suffering from one of the following behaviours! This episode is on four behaviours that will destroy your ability to grow wealthy through investing. 1) Myopic risk aversion   Myopic risk aversion is one of the greatest behaviour traps that people repeatedly fall into leading to investment losses. While it is a fancy title, it simply means the fear of loss in the short term which occurs regardless of intelligence or skill level.  Loss aversion is completely rations, however it’s the myopic or in other words the short-term part which is irrational. There is a saying in the share market that the Bulls take the stairs and the Bears take the window. A Bull market is when the market is going up (like a bull bucking its horns) while a Bear market is one that declining in value (like a bear swiping down with its claws). This can be seen in charts of any index where gains occur slowly while declines occur quickly. This is because investors feel the pain of losses far greater than they feel the pleasure of gains. We all have a natural and healthy aversion to losing money, helping us avoid falling for financial scams and protecting our capital. But short term loss aversion is different. It happens when we temporarily lose sight of the bigger picture, and focus too much on what lies immediately in front of us. For investors, this usually means panic selling during sharp market declines. Think back to 2008 in the GFC when everyone was selling shares out of the fear that the share market was going down. This created a self-fulfilling prophecy that caused markets to go down further. A lot of company’s earnings didn’t decrease however their share prices fell by up to 40%. Rationally, if their earnings didn’t decrease then their prices shouldn’t have either. Economists have found that investors who check the performance of their portfolios too frequently suffer from this at a greater rate.  If you check your investments on a daily basis, you will experience many days of losses which will create a greater fear of loss. Given that investors feel the pain of losses far greater than they feel the pleasure of gains, you may start to feel greater levels of pain and panic and sell investments, resulting in guaranteed long term losses. This has become a greater problem now with the internet, as most investors now have the capability to check on investments in real time. This can easily cause investors to stray from a well-thought-out investment plans causing investments to be sold at low prices which is the best way to lose money consistently in investments. So, what can you do? It is simple, don’t freak out and sell investments when they suffer short term losses all because of a declining market. Volatility (upward and downward movements) will always occur in any liquid market, however if you have quality investments there is no reason to sell. Stop checking on the performance every day as this will compound the feelings of loss. Invest in quality assets and hold on to these for the long term. 2) Prospect Theory A major investment mistake is created through erratic behaviours like changing your risk tolerance based upon what financial markets are doing. Making emotional decisions rather than sticking to your long-term wealth building strategy is one of the greatest ways to lose money when it comes to investing. Prospect theory is a behavioural economic theory that describes the way people choose between probabilistic alternatives that involve risk, where the long-term probabilities of outcomes are known. If you're the type of person who takes big risks in one area but takes almost none in another with similar likely outcomes, you might be suffering the effects of prospect theory. For instance, you are okay placing a bet on the Melbourne Cup but are afraid of investing as you may lose money. The theory states that people make decisions based on the potential value of losses and gains rather than the final outcome and these outcomes are determined by your individual bias at the time. If the media is reporting on the next crash (before it occurs) then some people may become very conservative and sell investments or avoid investing.  The best way to avoid this is to always focus on what your long term outcomes are and to stick to your plan!  3) Herd behaviour and following the crowd A financial market is made up on thousands of different assets which millions of people regularly buy and sell. The behaviours of either buying or selling these investments is what causes these markets to move in a certain direction. If more people are selling investments than are buying them, then the market will likely decline in value. If more people are buying investments than are selling them, then the market will likely increase in value. It is this mechanic that can lead to investors following the trend of what the masses are doing, affecting their investment decisions. This comes back to myopic risk aversion as well as in the short term, who wants to be wrong? If others are selling their investments and we are not, what do they know that we don’t? It is this fear of missing out that causes investors to make irrational decisions. It is ironic though as following the market will likely inflict the maximum pain on investors as many individual investors miss the start of the trend and make their decisions too late. For instance, buying at the peak of the market or selling after a big loss has already occurred. This is the concept of herd behaviour, as the problem with being a follower is that the leaders are the ones that will make the money while the followers are making their decision too late. This is how bubbles are formed as well as when investors are buying an over demanded asset, it will cause the prices to increase above their long-term averages which is normally the point the average investor buys in to the market. To avoid this there are two simple things that you can do. The first is ignoring the crowd and focusing on your investment strategy. The second is to implement contrarian investing - buying when people are fearful and selling when people are confident. This is one of Warren Buffets favourite tips for investors. 4) Analysis paralysis – Diminishing marginal returns When deciding to invest, you have thousands of shares to choose from and almost as many managed funds and ETFs to sort through. This can cause investors to seemingly research ideas and different investment options forever. At some point though, if you wish to make money through investing you are required to ''pull the trigger,'' so to speak. Researching investments is great, but over researching will cause a lot of investors to never actually enter the market as there is always one more investment to research before making a decision. It is important to research investments, however there is a difference between selecting one investment that meets your need and trying to research 100 different investments that are all relatively similar. There is a concept call Diminishing Marginal Returns. This states that the longer you spend doing a task, the lower the results for each unit of time spent are after a certain point. Think about if you know nothing about cars. You spend a day learning about how they work. You may now know 50 percent of things about cars. You spend another day, you may know another 25 percent. You spend a third day and only know another 10 percent. After a certain point, every day you spend researching will only yield minor increases in knowledge. Based on this, the more time spent researching doesn’t lead to better decisions. To avoid this, firstly focus on what your outcome is. If you are after long term growth, maybe research a few of the leading growth ETFs and then purchasing one or two. It is a better way than trying to research every share that the ETF holds, which would take your research from 2 two options to up to 300 in some cases. It may feel uncomfortable but just pull the trigger as it is better to be invested in quality assets than trying to research the next big win. Hopefully learning about these behaviours will help your stick to your long-term investment plans. Historically, markets will always have negative periods. All that matters is that in the long run they have greater positive periods than negative and to stick to the plan!

- Daily Wrap - Trumps address to Congress tomorrow - What we expect - Warren Buffets letter to his shareholders - Watch us on Periscope! - Happy Mardi Gras!

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Gratitude Makes Everyday A New Day! Darin Hollingsworth is the Chief Gratitude & Affirmation Officer at Odonata Coaching & Consulting. He has had a successful career as a financial advisor, a senior fundraising professional, a non-profit executive and now works in a full time role at Gap Inc. in San Francisco. He continues to have a boutique practice as a business, success, and philanthropy coach. Darin is passionate about helping successful professionals realize & exceed their personal & professional potential. He helps individuals "find their philanthropy," live their passion, unlock inspiration, and stimulate motivation through work based on gratitude, accountability & encouragement. Darin has recorded nearly 50 podcasts called “Working Gratitude” to stimulate dialogue and conversation about the usefulness of gratitude in the workplace. These interviews with successful professionals from a variety of workplace environments are encouraging and inspiring and give you food for thought about how you can start “Working Gratitude.” Darin starts his coaching with gratitude, helps clients create abundance and then coaches them into their own philanthropy - the love of humankind. This kind of philanthropy is NOT just for the Bill Gates and Warren Buffets of the world. It isn't always tied to a checkbook. Giving time, talent and treasure has proven to create higher level emotions moving people along a continuum from gratitude to success to joy. Gratitude and philanthropy help you shift from surviving to thriving.   Listen on line by selecting this link or by calling 818-691-7406.  

Episode 2 – The Greatest Book Ever Written on Investing In this week’s episode of the Alport Group Podcast we talk about Graham and Doddsville, Buffets fellow super-investors, a couple smart books to read and of course, I little bit on investing as well. Enjoy! Running time: 12:38 In this episode: What is Graham and Doddsville? Ben Graham David Dodd What is the Intelligent Investor about? “It’s not so much about intellect, it’s more so about temperament.” Warren Buffets thoughts … Read more

David looks into how Warren Buffets invests and how this relates to todays volatile market

David looks into how Warren Buffets invests and how this relates to todays volatile market